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Use the following information to answer questions 8 and 9. An investor is considering purchasing a bond with a 9.55 percent coupon interest rate, a
Use the following information to answer questions 8 and 9. An investor is considering purchasing a bond with a 9.55 percent coupon interest rate, a par value of $1,000, and a market price of $1,104.17. The bond will mature in nine years. 8. What is the bond's current yield? A) 10.42% B) 9.55% C) 7.89% D) 8.65% 9. What is the bond's yield to maturity? A) 10.42% B) 9.55% C) 7.89% D) 8.65%
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