Question
6) Your company has issued some bonds. The bonds have the following characteristics. Face Value: $1000 Coupon Rate: 7.8% Coupon Frequency: Semi Annual Length Remaining:
6) Your company has issued some bonds. The bonds have the following characteristics. Face Value: $1000 Coupon Rate: 7.8% Coupon Frequency: Semi Annual Length Remaining: 15 Years Yield to Maturity: 6.5% Find the Market Value The market value is ($1,123.38) however, in class, we went a step further and got a current yield of 6.9%. I want to know how the current yield was calculated, please?
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
