Question
A bond that matures in 10 years sells for $985. The bond has a face value of $1,000 and a 7 percent annual coupon. a.
A bond that matures in 10 years sells for $985. The bond has a face value of $1,000 and a 7 percent annual coupon.
a. What is the bond's current yield?
b. What is the bond's yield to maturity (YTM)?
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
