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A bond with par value of $1,000 has an annual coupon rate of 3.5% and currently sells for $910. What is the bonds current yield?
| A bond with par value of $1,000 has an annual coupon rate of 3.5% and currently sells for $910. What is the bonds current yield? (Round your answer to 2 decimal places.) Current yield % ??? |
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Financial Management For Decision Making
Authors: Harold Jr. Bierman, Seymour Smidt
1st Edition
1587982129, 9781587982125
