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A $1000 par value bond with a 17.18 percent coupon rate, currently selling for $968, has a current yield of_____. Round the answer to two
A $1000 par value bond with a 17.18 percent coupon rate, currently selling for $968, has a current yield of_____.
Round the answer to two decimal places in percentage form.
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
