Question
A bond pays a semi-annual coupon at an APR of 10.50%. The bond will mature in 7.00 years and has a face value of $1,000.00.
A bond pays a semi-annual coupon at an APR of 10.50%. The bond will mature in 7.00 years and has a face value of $1,000.00. The bond has a yield-to-maturity of 12.22% APR. What is the current yield for the bond?
What is the current yield for the bond?
a)
A bond pays a semi-annual coupon at an APR of 10.50%. The bond will mature in 7.00 years and has a face value of $1,000.00. The bond has a yield-to-maturity of 12.22% APR. What is the current yield for the bond?
Does this bond trade at a DISCOUNT or a PREMIUM?
b)
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ISE Real Estate Finance And Investments
Authors: Jeffrey Fisher William B. Brueggeman
17th International Edition
1264892888, 9781264892884
