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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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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
