Question
A coupon bond that pays interest of $46.59 annually has a par value of $1,000, matures in 6 years, and is selling today at a
A coupon bond that pays interest of $46.59 annually has a par value of $1,000, matures in 6 years, and is selling today at a $69.99 discount from par value. What is the current yield on this bond?
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
