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3. A bond matures in 5 years and pays a 6.00% annual coupon. The bond has a face value of $1,000 and currently sells for
3. A bond matures in 5 years and pays a 6.00% annual coupon. The bond has a face value of $1,000 and currently sells for $1,020. What is the bond's current yield? a. 4.35% b. 6.67% c. 5.88% d. 6.00% 4. Same facts as \#3, what is the yield to maturity of the bond? a. 8.17% b. 5.53% C. 4.66% d. 2.50%
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
