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Compute the current yield of a(n) 8%, 20-year bond that is currently priced in the market at $1,275. Use annual compounding to find the promised
Compute the current yield of a(n) 8%, 20-year bond that is currently priced in the market at $1,275. Use annual compounding to find the promised yield on this bond. Repeat the promised yield calculation, but this time use semiannual compounding to find yield-to-maturity. The current yield is %. (Round to two decimal places.) The yield-to-maturity with annual compounding is %. (Round to three decimal places.) The yield-to-maturity with semiannual compounding is %. (Round to three decimal places.)
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