FIN Q3
A bond has 8 years until maturity, a coupon rate of 5%, and sells for $1,065.
| a. | What is the current yield on the bond? (Round your answer to 2 decimal places.) |
| Current yield | [removed] % |
| b. | What is the yield to maturity? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Yield to maturity | [removed] % |
12 years ago 3
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