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Firebrand bonds have a par value of $1,000. These bonds carry a coupon rate of 8 percent with interest paid semi-annually. The bonds will mature

Firebrand bonds have a par value of $1,000. These bonds carry a coupon rate of 8 percent with interest paid semi-annually. The bonds will mature in ten years. If their current market price is $1,188.31: (showing appropriate procedure) A ) What is the yield to maturity of these bonds? B) What is the current yield of these bonds?

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