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An investor is considering purchasing a bond with a 4.25 percent coupon interest​ rate, a par...

An investor is considering purchasing a bond with a 4.25 percent coupon interest​ rate, a par value of $1,000 and a market price of $653.97. The bond will mature in nine years. Based on this​ information, answer the following​ questions:

a. What is the​ bond's current​ yield?

b. What is the​ bond's approximate yield to​ maturity?

c. What is the​ bond's yield to maturity using a financial​ calculator?

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