What is the current yield-what is the yield to maturity


Problem:

A $1000 bond that will mature in 10 years has a coupon of 5% and is currently selling for $690.00.

Requirement:

Question 1: What is the current yield?

Question 2: What is the yield to maturity?

Question 3: In 5 years the yield to maturity is 10%, what will be the price of the bond?

Note: Please show basic calculation

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Accounting Basics: What is the current yield-what is the yield to maturity
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