What is the current yield and interpret the current yield

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Wilson Wonders’ bonds have 12 years remaining to maturity. Interest is paid semiannually, the bonds have $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $850. a. What is the yield to maturity for this bond? b. What is the current yield? Interpret the current yield.

Reference no: EM131054677

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