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A 20-year bond was purchased for $950 and has a coupon rate of 6%. What is the current yield on this bond? (State as percentage
A 20-year bond was purchased for $950 and has a coupon rate of 6%. What is the current yield on this bond? (State as percentage with no symbols and round to the nearest two decimal places- e.g., 5.23 not .0523)
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Personal Finance For Dummies
Authors: Eric Tyson
5th Edition
0470038322, 978-0470038321
