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an Mack is interesting in getting income from his investment to offer his monthly expenses. He has to choose between two bonds 1 ) Kev

an Mack is interesting in getting income from his investment to offer his monthly expenses. He has to choose between two bonds
1)Kev, a 10 year old bond with a $1,000 par value, a 6% coupon rate and a yield to maturity of 5%, interest is paid semiannually. Or
2) HDF, an 8 year bond with a $1,000 par value, 8% coupon rate a yield to maturity of 10% interest is paid semi-annually.
If Ivan wants the bond with the higher percentage current yield which bond should be select?

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