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A coupon bond that pays interest of $60 annually has a par value of $1,000, matures in 5 years, and is selling today at $924.75.
A coupon bond that pays interest of $60 annually has a par value of $1,000, matures in 5 years, and is selling today at $924.75. The current yield on this bond is _________.
| 6.0% | ||
| 6.49% | ||
| 6.73% | ||
| 7.21% |
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Research Methods In Accounting
Authors: Malcolm Smith
6th Edition
1529779774, 978-1529779776
