Question
A 3.1% coupon bond with 5 years to maturity and a par value of $1,000 is currently selling for $1,085.4. What is the bond's current
A 3.1% coupon bond with 5 years to maturity and a par value of $1,000 is currently selling for $1,085.4. What is the bond's current yield? Submit your final answer as a percentage rounded to two decimal places.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
