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The market price of a coupon bond that matures in one year is $120. The coupon rate is 3% annual and the face value is

The market price of a coupon bond that matures in one year is $120. The coupon rate is 3% annual and the face value is $150. What is the yield to maturity of this bond? What is the current yield of this bond? In this case, is the current yield a good or a bad approximation to the yield to maturity? Explain why or why not

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