Question
A bond that matures in 11 years sells for $1,000. The bond has a face value of $1,000 and a yield to maturity of 8.6321%.
A bond that matures in 11 years sells for $1,000. The bond has a face value of $1,000 and a yield to maturity of 8.6321%. The bond pays coupons semiannually. What is the bond's current yield? round to two decimal places
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Gender And Finance
Authors: Ylva Baeckström
1st Edition
103205557X, 978-1032055572
