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A $1000, 7.5% coupon bond with 15 years to maturity has a current market value of $921.00. The bond pays interest semiannually. What is the
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A $1000, 7.5% coupon bond with 15 years to maturity has a current market value of $921.00. The bond pays interest semiannually. What is the current yield?
A. 3.25%
B. 7.5%
C. 8.14%
D. 7.94%
E. 8.44%
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Financial Management
Authors: P V V Satyanarayana
1st Edition
9350568012, 9789350568019
