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Assume you invest a 10-year, 5.6% semiannual coupon, $1,000 par value bond that currently sells for $948. (That is, 5.6% is considered the annual coupon

  1. Assume you invest a 10-year, 5.6% semiannual coupon, $1,000 par value bond that currently sells for $948. (That is, 5.6% is considered the annual coupon rate, but coupon payments are made semiannually.)
  1. What is the current yield on this bond?
  2. What is the annual yield to maturity on these bonds?

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