Question: Compute the current yield of a 10%, 25-year bond that is currently priced in the market at $1,200. Use annual compounding to find the promised

Compute the current yield of a 10%, 25-year bond that is currently priced in the market at $1,200. Use annual to find the promised yield on this bond. Repeat the promised yield calculation, but this time use semiannual to find yield to maturity.

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