Question: Describe and differentiate between a bond's (a) current yield and (b) yield to maturity. Why are these yield measures important to the bond investor? The

Describe and differentiate between a bond's (a) current yield and (b)

Describe and differentiate between a bond's (a) current yield and (b) yield to maturity. Why are these yield measures important to the bond investor? The input in the box below will not be graded, but may be reviewed and considered by your instructor. blank Find the yield to maturity of a 15-year, 11 percent, $1,000 par value semi- annual bond trading at a price of $750. What's the current yield on this bond? Do not round intermediate calculations. Round the answers to two decimal places. Yield to maturity Current yield % %

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