Question: Having trouble with this HW problem... please explain how you got the answer thank you!! Begley, Inc has 6 percent coupon bonds on the market

Having trouble with this HW problem... please explain how you got the answer thank you!! Having trouble with this HW problem... please explain how you got the

Begley, Inc has 6 percent coupon bonds on the market with 5 years to maturity. The bonds make annual coupon payments and currently sell for $825. Requirement 1: What is the current yield on Begley's bonds? (Do not round intermediate calculations, Round your answer to 2 decimal places (e.g., 32.16).) Current yield % Requirement 2: What is the yield-to-maturity on Begley's bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Yield to maturity Requirement 3: How do you explain the difference between the current yield and the yield to maturity found in Requirements 1 and 2? (i.e., why is the current yield higher or lower than the yield to maturity for these bonds?) %

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