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PLEASE SHOW WORK A bond that matures in 9 years sells for $1,000. The bond has a face value of $1,000 and yield to maturity

PLEASE SHOW WORK

A bond that matures in 9 years sells for $1,000. The bond has a face value of $1,000 and yield to maturity of 10%. The bond pays coupons semiannually. What is the bonds current yield?

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