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A Corporation's $1,000 par value bond sells for $960, matures in five years, and has a 7% coupon rate paid semiannually, What is the bond's
A Corporation's $1,000 par value bond sells for $960, matures in five years, and has a 7% coupon rate paid semiannually, What is the bond's current yield? A. 7.3% B. Insufficient information provided. C. 8.0% D. 7.0% Step by Step Solution
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
