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A 10% coupon bond that matures in 9 years is selling for $915. What is the bonds current yield and yield to matruity (YTM)? Assume
A 10% coupon bond that matures in 9 years is selling for $915. What is the bonds current yield and yield to matruity (YTM)? Assume semi-annual interest payments)
| Current yield=10.93%; YTM=11.54% |
| Current yield=11.54%; YTM=10.93% |
| Current yield=10.00%; YTM=11.34% |
| Current yield=11.34%; YTM=10.00% |
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
