Describe the differentiate between a bonds a current yield, Financial Management

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Describe the differentiate between a bonds a current yield

Describe the differentiate between a bond's (a) current yield and (b) yield to maturity. Why are these yield measures important to the bond investor? Find the yield to maturity of a 20-year, 9%,$1,000 par value bond trading at a price of $850. What's the current yield on this bond?

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Financial Management: Describe the differentiate between a bonds a current yield

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Financial Management: Describe the differentiate between a bonds a current yield

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