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A 20-year coupon bond with par value of $10,000 and coupon rate of 6% is currently selling for $9,200. What is the current yield of
- A 20-year coupon bond with par value of $10,000 and coupon rate of 6% is currently selling for $9,200. What is the current yield of this bond?
- A.7.31%
- B.6.52%
- C.5.80%
- D.6.00%
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
