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assume you purchased a high- yield corporate bond at its current market price of $850
assume you purchased a high- yield corporate bond at its current market price of $850 on January 2, 2004. It pays 9 percent interest and will mature on December 31, 2013, at which time the corporation will pay you the face value of $1,000 A. determine the current yield on your bond investment at the time of purchase. b. determine the yield to maturity on your bond investment? The answer would be
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