Question
Assuming a market rate of 7.2% over all maturities, the current yield of a bond with a coupon rate of 6.6%, paying semi-annual coupons,
Assuming a market rate of 7.2% over all maturities, the current yield of a bond with a coupon rate of 6.6%, paying semi-annual coupons, with 8 years to maturity is: % (Face value is $1,000) (Note: please retain at least 4 decimals in your calculations and at least 2 decimals in the final answer.)
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
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