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A bond has a $1,000 par value, 11 years to maturity, a 12 percent annual coupon, and sells for $1,082. What is the bonds current
A bond has a $1,000 par value, 11 years to maturity, a 12 percent annual coupon, and sells for $1,082. What is the bonds current yield (CY)?
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Financial Management
Authors: Rob Quail, Ricardo J. Rodriguez
2nd Edition
1557868441, 9781557868442
