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A company's bonds which have an annual coupon rate of 7.5%, a par value of $1,000, and a 6-year time to maturity, currently sell for
A company's bonds which have an annual coupon rate of 7.5%, a par value of $1,000, and a 6-year time to maturity, currently sell for $1,050. What is the current yield of the bonds?
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
978-0324592375
