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A 20-year bond with a face value of $1,000 pays a regular coupon of $90 annually. It still has 15 years until maturity. The current
A 20-year bond with a face value of $1,000 pays a regular coupon of $90 annually. It still has 15 years until maturity. The current price of the bond is trading at $900. What is the bond's current yield? 9% 10% 90% 111.11%
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
