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Can you please explain step by step and if I need to use a timeline or not? . 2. You've purchased a 7% coupon $10,000

Can you please explain step by step and if I need to use a timeline or not? . 2. You've purchased a 7% coupon $10,000 bond for $9,225. . .. a. What is its current yield? b. One year from now you're ...

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