A $1,000 par value, 9.0% annual coupon with a maturity in 19 years currently sells for...
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A $1,000 par value, 9.0% annual coupon with a maturity in 19 years currently sells for $ 1,661. What is the bonds current yield? What is the bond's yield to maturity (YTM)? Round your percentages to one decimal place (e.g. 9.4%) Blank #1 Blank #2 A $1,000 par value, 9.0% annual coupon with a maturity in 19 years currently sells for $ 1,661. What is the bonds current yield? What is the bond's yield to maturity (YTM)? Round your percentages to one decimal place (e.g. 9.4%) Blank #1 Blank #2
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To find the bonds current yield we use the formula Current Yield Annual ... View the full answer
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Posted Date:
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