Question
A bond that matures in 10 years sells for $1,190. The bond has a face value of $1,000 and a yield to maturity of 9.9564%.
A bond that matures in 10 years sells for $1,190. The bond has a face value of $1,000 and a yield to maturity of 9.9564%. The bond pays coupons semiannually. What is the bond's current yield? Do not round intermediate calculations. Round your answer to two decimal places.
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Mastering Attribution In Finance
Authors: Andrew Colin
1st Edition
1292114029, 978-1292114026
