Question: Problem 13-03 A bond with 20 years to maturity has an annual interest payment of $40. If the bond sells for its par value, what

Problem 13-03

A bond with 20 years to maturity has an annual interest payment of $40. If the bond sells for its par value, what are the bond's current yield and yield to maturity? Round your answers to two decimal places.

CY: %

YTM: %

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