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Bond P is a premium bond with a coupon of 9 percent . Bond D has a coupon rate of 4 percent and is currently

Bond P is a premium bond with a coupon of 9 percent. Bond D has a coupon rate of 4 percent and is currently selling at a discount. Both bonds make annual payments, have a YTM of 6 percent, and have eight years to maturity. What is the current yield for Bond P and Bond D?

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