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You paid $950 for a 7 year bond with a face value of $1,000 and semi-annual coupons of $25. What is your current yield on
You paid $950 for a 7 year bond with a face value of $1,000 and semi-annual coupons of $25. What is your current yield on this bond and what is your nominal annual yield to maturity (convertible semi-annually)?
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