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What is the current yield on the bond

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Reference no: EM132913825

A BCE bond has 11 years until maturity and a coupon rate of 6.9% payable annually, and sells for $1,070. Face value of the bond is $1,000.

Problem 1: What is the current yield on the bond? (Round your answer to 2 decimal places.)

Problem 2: What is the yield to maturity? (Round your answer to 2 decimal places.)

Reference no: EM132913825

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