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please answer question 3 2. A bond matures in 8 years and pays a 5 percent annual coupon. The bond has a face value of
please answer question 3
2. A bond matures in 8 years and pays a 5 percent annual coupon. The bond has a face value of $1,000 and currently sells for $889. What is the bond's current yield? a. 4.09% b. 97.50% c. 5.62ma d. 5.00% 3. The same facts as in \#2 above, what is the yield to maturity on the bond? a. 4.75% b. 6.85% c. 5.51% d. 4.29% Step by Step Solution
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