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Describe and differentiate between a bond's (a) current yield and (b) yield to maturity. Why are these yield mesaures improtant to the bond investor> Find

Describe and differentiate between a bond's (a) current yield and (b) yield to maturity. Why are these yield mesaures improtant to the bond investor> Find the yield to maturity of a 20-year, 9 percent, $1,000 par value bond trading at a price of $850. What's the current yield on this bond?

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