Use the following information to answer the next three questions. Consider a bond that currently sells for $991.67, its

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Use The Following Information To Answer The Next Three Questions Consider A Bond That Currently Sells For 991 67 Its 1 (15.83 KiB) Viewed 12 times

Use The Following Information To Answer The Next Three Questions Consider A Bond That Currently Sells For 991 67 Its 2 (22.32 KiB) Viewed 12 times

Use The Following Information To Answer The Next Three Questions Consider A Bond That Currently Sells For 991 67 Its 3 (16.9 KiB) Viewed 12 times

Use The Following Information To Answer The Next Three Questions Consider A Bond That Currently Sells For 991 67 Its 4 (20.29 KiB) Viewed 12 times

Use The Following Information To Answer The Next Three Questions Consider A Bond That Currently Sells For 991 67 Its 5 (13.58 KiB) Viewed 12 times

Use the following information to answer the next three questions. Consider a bond that currently sells for $991.67, its annual coupon rate is 11.71%, and it matures in 16 years. Interest is paid semiannually.
What is the current yield on this bond? Edit View Insert Format Tools Table
What is the bond's effective annual yield to maturity? Edit View Insert Format Tools Table
What is the current yield on this bond? Edit View Insert Format Tools Table
What is the yield to maturity on this bond? (Using a YTM approximation formula to solve this will result in a score of zero for this part of the question. If you found a YTM formula on the internet, it's an approximation. Use a financial calculator instead.)