Question: Compute the current yield of a ( n ) 8 . 5 % , 2 0 - year bond that is currently priced in the

Compute the current yield of a(n)8.5%,20-year bond that is currently priced in the market at $1,150. Use annual compounding to find the promised yield on
this bond. Repeat the promised yield calculation, but this time use semiannual compounding to find yield-to-maturity.
The current yield is
]%.(Round to two decimal places.)
Compute the current yield of a(n)8.5%,20-year bond that is currently priced

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