Question
A bond with a face value of $1000 makes semiannual payments of $70. The bond is currently selling for $1004. What is the difference between
A bond with a face value of $1000 makes semiannual payments of $70. The bond is currently selling for $1004. What is the difference between the bond's current and coupon yield? If the current yield is larger, write your answer as a positive number and if the coupon yield is bigger, write your answer as a negative number.
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Financial Informatics An Information Based Approach To Asset Pricing
Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina
1st Edition
9811246483, 978-9811246487
