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Randy purchased a 9% bond from Zaxton several years ago for $650. Currently the bond sells for $1,052 and has 10 years to maturity. What

Randy purchased a 9% bond from Zaxton several years ago for $650. Currently the bond sells for $1,052 and has 10 years to maturity. What do you know about the current yield to maturity of the bond, and how have interest rates changed since Randy bought the bond? rM 9%, rates have decreased YTM 9%, rates have increased

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