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A BCE bong has 11 years until maturity and a coupon rate of 8.1 % payable annually, and sells for $1,090. Face value of
A BCE bong has 11 years until maturity and a coupon rate of 8.1 % payable annually, and sells for $1,090. 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 8 8
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The current yield of a bond is calculated by dividing the annual coupon payments by the market price of the bond The yield to maturity YTM on the othe...
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
