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Business, 01.04.2021 20:40 coreen9

Harold Reese must choose between two bonds: Bond X pays $88 annual interest and has a market value of $900. It has 10 years to maturity. Bond Z pays $98 annual interest and has a market value of $870. It has five years to maturity. Assume the par value of the bonds is $1,000. a. Compute the current yield on both bonds. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.)

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