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A 10-year bond with an annual coupon rate of 4.7% sells for $890. Calculate the current yield and the yield to maturity and explain the
A 10-year bond with an annual coupon rate of 4.7% sells for $890. Calculate the current yield and the yield to maturity and explain the differences. How would this impact an individual's decision to purchase a bond?
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The Financial Services Marketing Handbook
Authors: Evelyn Ehrlich
2nd Edition
1118065719, 978-1118065716
