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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?
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 ...
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
4th Edition
1439078084, 978-1439078082
