Question
A coupon bond that pays interest of $62.96 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 $62.96 annually has a par value of $1,000, matures in 6 years, and is selling today at a $93.64 discount from par value. What is the current yield on this bond?
Enter answer in percents.
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Cases In Healthcare Finance
Authors: Louis C. Gapenski
3rd Edition
1567932444, 9781567932447
