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A bond that matures in 5 years sells for $1,250. The bond has a face value of $1,000 and a yield to maturity of 11.5%.
A bond that matures in 5 years sells for $1,250. The bond has a face value of $1,000 and a yield to maturity of 11.5%. The bond pays coupons semiannually. What is the bond's current yield?
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
