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Assume you purchased a high-yield corporate bond with a face value of $1,000 at its current market price of $860 on January 2, 2010. It

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Assume you purchased a high-yield corporate bond with a face value of $1,000 at its current market price of $860 on January 2, 2010. It pays 7.25 percent interest and will mature on December 31, 2019. (a) Determine the current yield on your bond investment at the time of purchase. (Enter your answer as a percent rounded to 2 decimal places.) Current yield % (b) Determine the yield to maturity on your bond investment at the time of purchase. (Enter your answer as a percent rounded to 2 decimal places.) Yield to maturity O

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