What is the bonds current yield what is the bonds, Financial Management

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What is the bonds current yield what is the bonds

An investor is considering purchasing a bond with a 4.28 percent coupon interest rate, a par value of $1,000 and a market price of $673.71

The bond will mature in nine years. Based on this information, answer the following questions:

a. What is the bond's current yield?

b. What is the bond's approximate yield to maturity?

c. What is the bond's yield to maturity using a financial calculator?

Note: Assume coupon payments are paid annually

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Financial Management: What is the bonds current yield what is the bonds

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