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A bond with face value $1,000 has a current yield of 6.5% and a coupon rate of 8.5%. a. If interest is paid annually,
A bond with face value $1,000 has a current yield of 6.5% and a coupon rate of 8.5%.
a. If interest is paid annually, what is the bond's price?
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To calculate the bonds price we can use the formula for the current yield textCurrent Yield fr...
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus
11th Edition
1264101562, 978-1264101566
