Question
7.Company CZZ has 7 % coupon bonds on the market with 14 years to maturity. Face value of the bond is 1000. If the bonds
7.Company CZZ has 7 % coupon bonds on the market with 14 years to maturity. Face value of the bond is 1000. If the bonds make semiannual payments and the YTM is 4% calculate the current yield of the bond. Express your answer as a per cent.
Answer:
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
