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What is the current yield on a bond which has a 6.25% coupon interest rate (or 0.0625), has a face value (FV) of $1,000, has 22 years until maturity, if the current market price of the bond is $915? Also, what would be the yield to maturity (YTM) on this bond.
Current Yield =
Yield to Maturity (YTM) =
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