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A bond is currently selling at $1,020. The bond price is expected to be $1,005 in one year. If the yield-to-maturity of the bond 9%,
A bond is currently selling at $1,020. The bond price is expected to be $1,005 in one year. If the yield-to-maturity of the bond 9%, how much is the expected current yield of the bond?
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Public Finance
Authors: Harvey Rosen, Robert Guell, Ted Gayer
9th Edition
0073511358, 9780073511351
