Question
A corporate bond maturing in 15 years with a coupon rate of 7.9 percent was purchased for $950 and it now selling for $980. What
A corporate bond maturing in 15 years with a coupon rate of 7.9 percent was purchased for $950 and it now selling for $980. What is its current yield? Round your answer to one decimal place.
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Financial Accounting Reporting And Analysis
Authors: Michael Diamond, James Stice, Earl K. Stice, James D. Stice
5th Edition
0538873019, 978-0538873017
