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Assume you purchased a corporate bond at its current market price of $835 on January 1 , 2021. It pays 12.00 percent interest annually on
Assume you purchased a corporate bond at its current market price of $835 on January 1 , 2021. It pays 12.00 percent interest annually on December 31 and will mature on December 31,2030 , at which time the corporation will pay you the face value of $1,000. a. Determine the current yield on your bond investment at the time of purchase. (Do not round intermediate calculations and round your final answer to 2 decimal place. Omit the "\%" sign in your response.) Current yield % b. Determine the yield to maturity on your bond investment at time of purchase. (Do not round intermediate calculations and round your final answer to 2 decimal place. Omit the "\%" sign in your response.) Yield to maturity %
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