Question
A bond matures in 9 years and with a coupon rate of 5.8 percent. Coupons are paid semi-annually. The bond has a face value of
A bond matures in 9 years and with a coupon rate of 5.8 percent. Coupons are paid semi-annually. The bond has a face value of $1,000 and currently sells for $1,006.06. What is the bonds current yield (enter answer as a percentage)?
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
