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Given the following information, calculate the bond's current yield for each year and the current year's yield to maturity Time to maturity: 3yrs Interest payments
Given the following information, calculate the bond's current yield for each year and the current year's yield to maturity
Time to maturity: 3yrs
Interest payments are paid semiannually.
Face Value: 1,000
Coupon Rate, flexible: 5% for year 1, 8% for year 2, 6% for year 3
Assume a market rate of interest of 9% for each year
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