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Please answer the highlighted: Assume that 10 years ago you purchased a $1,000 bond for $885. The bond pays 6.55 percent interest and will mature

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Assume that 10 years ago you purchased a $1,000 bond for $885. The bond pays 6.55 percent interest and will mature this year. (a)Calculate the current yield on your bond investment at the time of the purchase. (Enter your answer as a percent rounded to 2 decimal places.) 74 Current yield (b)Determine the yield-to-maturity on your bond investment. (Enter your answer as a percent rounded to 2 decimal places.) Yield-to-maturity

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