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Use the following information to answer the next three questions. Consider a bond that currently sells for $1,023.51, its annual coupon rate is 11.64%, and
Use the following information to answer the next three questions. Consider a bond that currently sells for $1,023.51, its annual coupon rate is 11.64%, and it matures in 13 years. Interest is paid semiannually.
What is the current yield on this bond?
What is the yield to maturity on this bond?
What is the bond's effective annual yield to maturity?
show work please
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