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A bond with par value of $1,000 has an annual coupon rate of 6.6% and currently sells for $940. What is the bonds current yield?
A bond with par value of $1,000 has an annual coupon rate of 6.6% and currently sells for $940. What is the bonds current yield? (Round your answer to 2 decimal places.)
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
