Question: Question 6 A bond has 10 years until maturity and a coupon rate of 8% payable annually, and sells for $1,200. What is the current

Question 6

A bond has 10 years until maturity and a coupon rate of 8% payable annually, and sells for $1,200.

What is the current yield on the bond? [Formula required]

What is the yield to maturity? [Calculator acceptable]

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