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Compute the current yield on both bonds for harold reese

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Reference no: EM132956270

Harold Reese must choose between two bonds:

Bond X pays $96 annual interest and has a market value of $955. It has 12 years to maturity.

Bond Z pays $88 annual interest and has a market value of $940. It has four years to maturity.

Assume the par value of the bonds is $1,000.

Problem a. Compute the current yield on both bonds.

Reference no: EM132956270

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