Question
2. A bond matures in 8 years and pays a 5 percent annual coupon. The bond has a face value of $1,000 and currently sells
2. A bond matures in 8 years and pays a 5 percent annual coupon. The bond has a face value of $1,000 and currently sells for $889. What is the bonds current yield?
The same facts as in #2 above, what is the yield to maturity on the bond?
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The Wall Street Journal Complete Personal Finance Guidebook
Authors: Jeff D. Opdyke
1st Edition
030733600X, 978-0274804573
