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On Wednesday, May 4, 2005, an 8% bond issued by XYZ has 20 years until maturity and closed at $950. If the bond has a

On Wednesday, May 4, 2005, an 8% bond issued by XYZ has 20 years until maturity and closed at $950. If the bond has a face value of $1000 and pays interest semi-annually, what is the bonds yield to maturity? (5 pts) What is its current yield?

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