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A bonds have a $1,000 par value and they mature in 5 years.Their yield-to-maturity is 9% based on semi-annual compounding, and the current market price
A bonds have a $1,000 par value and they mature in 5 years.Their yield-to-maturity is 9% based on semi-annual compounding, and the current market price is $853.61.
- What is the bond's annual payment
- What is the bond's current yield?
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
