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The current market price for the bond is $1,215. And its coupon interest rate is 7.95 percent. The bond will mature in 28 years. Answer

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The current market price for the bond is $1,215. And its coupon interest rate is 7.95 percent. The bond will mature in 28 years. Answer the following questions. a. The yield to maturity on the bond is %. (Round to two decimal places.) b. The current yield is %. (Round to two decimal places.)

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