The bond has a current yield annual coupon payment diveded, Financial Management

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The bond has a current yield annual coupon payment diveded

You just purchased a bond that matures in 5 years. the annual bond has a face value of $1,000 and has a 9% coupon. the bond has a current yield (annual coupon payment diveded by the market price) of 8.21%. What is the bond's yield to maturity? SHOW ALL WORK and identify numbers.

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Financial Management: The bond has a current yield annual coupon payment diveded

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Financial Management: The bond has a current yield annual coupon payment diveded

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