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Bond P is a premium bond with a coupon of 9 percent. Bond D has a coupon rate of 5 percent and is currently selling

Bond P is a premium bond with a coupon of 9 percent. Bond D has a coupon rate of 5 percent and is currently selling at a discount. Both bonds make annual payments, have a par value of $1,000, a YTM of 7 percent, and have 15 years to maturity. What is the current yield for Bond P? For Bond D? Solve this

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