Question: Please do not solve in exel Bond P is a premium bond with a coupon rate of 8.5 percent. It makes annual payments, have a

Please do not solve in exel

Bond P is a premium bond with a coupon rate of 8.5 percent. It makes annual payments, have a YTM of 7 percent, a par value of $1,000, and have five years to maturity. What is the current yield for Bond P?

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