Question
A bond matures in 15 years and pays an 8 percent annual coupon. The bond has a face value of $1000 and currently sells for
A bond matures in 15 years and pays an 8 percent annual coupon. The bond has a face value of $1000 and currently sells for $985. What is the bond's current yield and yield to maturity. Show calculations.
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
