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Determine the current yield on your bond investment

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Reference no: EM132785978

Question - Assume you purchased a corporate bond at its current market price of $835 on January 1, 2017. It pays 12.00 percent interest and will mature on December 31, 2026, at which time the corporation will pay you the face value of $1,000.

Required -

a. Determine the current yield on your bond investment at the time of purchase.

b. Determine the yield to maturity on your bond investment at time of purchase.

Reference no: EM132785978

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