Question
A bond has an 8.2 percent coupon (and makes semi-annual coupon payments), a $1,000 par value, matures in 12.5 years, and is priced to provide
A bond has an 8.2 percent coupon (and makes semi-annual coupon payments), a $1,000 par value, matures in 12.5 years, and is priced to provide a yield to maturity of 7.00 percent.
What is the current yield?
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Contemporary Topics In Finance
Authors: Iris Claus, Leo Krippner
1st Edition
1119565162, 978-1119565161
