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A $1,000 par value bond has 25 years to maturity, a 4% annual coupon, and sells for $1,025.What is the current yield?
A $1,000 par value bond has 25 years to maturity, a 4% annual coupon, and sells for $1,025.What is the current yield?
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
