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Harold Reese must choose between two bonds: Bond x pays $ 9 2 annual interest and has a market value of $ 8 9 5
Harold Reese must choose between two bonds:
Bond pays $ annual interest and has a market value of $ It has years to maturity.
Bond pays $ annual interest and has a market value of $ It has four years to maturity.
Assume the par value of the bonds is $
a Compute the current yield on both bonds. Do not round intermediate calculations. Input your answers as a percent rounded to decimal places.
tableCurrent Yield,Bond
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