CALCU LATIN G AN D IN TE RP RE TIN G CURRE N T Y IE LD
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CALCU LATIN G AN D IN TE RP RE TIN G CURRE N T Y IE LD AN D Y IE LD TO M ATURITY. Find the current yield of a 5.65 percent, 8-year bond that’s currently priced in the market at $853.75. Now, use a financial calculator to find the yield to maturity on this bond (use annual compounding). What’s the current yield and yield to maturity on this bond if it trades at $1,000? If it’s priced at $750?
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Related Book For
PFIN
ISBN: 9781337117005,9781337516693
6th Edition
Authors: Randall Billingsley , Lawrence J. Gitman, Michael D. Joehnk
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