Question
A bond matures in 8 years and with a coupon rate of 7.8 percent. Coupons are paid semi-annually. The bond has a face value of
A bond matures in 8 years and with a coupon rate of 7.8 percent. Coupons are paid semi-annually. The bond has a face value of $1,000 and currently sells for $866.36. What is the bonds current yield (enter answer as a percentage)?
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Understanding The Finance Of Welfare
Authors: Howard Glennerster
2nd Edition
1847421091, 978-1847421098
