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Assume you purchased a high-yield corporate bond at its current market price of $860 on January 2, 2004. It pays 6.00 percent interest and it

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Assume you purchased a high-yield corporate bond at its current market price of $860 on January 2, 2004. It pays 6.00 percent interest and it will mature on December 31, 2013, at which time the corporation will pay you the face value of $1,000. Determine the current yield on your bond investment at the time of purchase. Determine the yield-to-maturity on your bond investment

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