What is the current yield and yield to maturity on this bond

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Problem - Calculating and interpreting current yield and yield to maturity. Find the current yield of a 5.65 percent, 8-year bond that's currently priced in the market at $853.75. Now, use a financial calculator to find the yield to maturity on this bond (use annual compounding). What is the current yield and yield to maturity on this bond if it trades at $1,000? If it's priced at $750? Comment on your findings.

Reference no: EM132695992

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