Question: A bond has 14 years until maturity, a coupon rate of 5.6%, and sells for $1,069. a. What is the current yield on the bond?

A bond has 14 years until maturity, a coupon rate of 5.6%, and sells for $1,069.

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

b. What is the yield to maturity? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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