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thank you 1 Chapter 12 Financial Planning Exercise 13 Calculating and interpreting current yield and yield to maturity Find the current yield of a 7

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1 Chapter 12 Financial Planning Exercise 13 Calculating and interpreting current yield and yield to maturity Find the current yield of a 7 percent, 15-year bond that's currently priced in the market at $1,250. Now, use a financial calculator to find the yield to maturity on this bond (use annual compounding). What's the current yield and yield to maturity on this bond if it trades at $1,000? If it's priced at $750? The par value of the bond is $1,000. Round your answers to two decimal places. Do not round intermediate calculations. Quote Current Yield Yield to Maturity 7%, 15 yr, $1,250 7%, 15 yr, $1,000 7%, 15 yr., $750

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