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Complete sentences and show all work. 4. Calculate the current yield in each of the following situations: a. The current yield on a $6,000, 10

Complete sentences and show all work.

4. Calculate the current yield in each of the following situations:

a. The current yield on a $6,000, 10 percent coupon bond selling for $5,000 is

b. The current yield on a $5,000, 8 percent coupon bond selling for $4,000 is

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