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Assume that 10 years ago you purchased a $1,000 bond for $926. The bond pays 3.16 percent interest and will mature this year. a. Calculate
Assume that 10 years ago you purchased a $1,000 bond for $926. The bond pays 3.16 percent interest and will mature this year. a. Calculate the current yield on your bond investment at the time of the purchase. Note: Enter your answer as a percent rounded to 2 decimal places. b. Determine the yield to maturity on your bond investment at the time of purchase. Note: Enter your answer as a percent rounded to 2 decimal places
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