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What is the current yield on the bond

Problem: A bond has 16 years until maturity, a coupon rate of 5.8%, and sells for $1,109.

a. What is the current yield on the bond? (Round your answer to 2 decimal places.)

b. What is the yield to maturity? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Finance Basics: What is the current yield on the bond

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Finance Basics: What is the current yield on the bond

Reference No:- TGS02055429

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