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Compute the current yield of a(n) 9%, 20-year bond that is currently priced in the market at $1,250. Use annual compounding to find the
Compute the current yield of a(n) 9%, 20-year bond that is currently priced in the market at $1,250. 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.)
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
