Question: Bond Yields. A bond has 10 years until maturity, a coupon rate of 8%, and sells for $1,100. a. What is the current yield on

Bond Yields. A bond has 10 years until maturity, a coupon rate of 8%, and sells for $1,100. a. What is the current yield on the bond? b. What is the yield to maturity?

(Assume bond's face value is $1,000) - calculate Yield-to-Maturity with financial calculator, then verify your answer with the appropriate formulas/equations

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