Beatrice Stores has a bond issue outstanding carrying an 8.5 percent coupon, paid semiannually, and maturing in 16.5 years. The bonds have a par value of $1,000 and a current market price of $944.30. What is the bond’s current yield and yield to maturity?
I am getting 4.5% for CY and YTM of 4.7% is that correct? Please help

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