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A bond has a coupon rate of 10 percent, a $1,000 par value, matures in 10 years, has a yield to maturity of 5 percent,
A bond has a coupon rate of 10 percent, a $1,000 par value, matures in 10 years, has a yield to maturity of 5 percent, and pays interest annually. What is the current yield in year 3?
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
