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What is the current yield on the bond

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Reference no: EM132793498

Problem - A BCE bond has 13 years until maturity and a coupon rate of 9.6% payable annually, and sells for $1,100. Face value of the bond is $1,000.

a. What is the current yield on the bond?

b. What is the yield to maturity?

Reference no: EM132793498

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