Question
A BCE bond has 14 years until maturity and a coupon rate of 8.4% payable annually, and sells for $1,060. Face value of the bond
A BCE bond has 14 years until maturity and a coupon rate of 8.4% payable annually, and sells for $1,060. Face value of the bond is $1,000.
a. What is the current yield on the bond? (Round your answer to 2 decimal places.)
Current yield % ?
b. What is the yield to maturity? (Round your answer to 2 decimal places.)
Yield to maturity %?
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
