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A coupon bond that pays interest of $70 annually has a par value of $1,000, matures in 5 years, and is selling today at a
A coupon bond that pays interest of $70 annually has a par value of $1,000, matures in 5 years, and is selling today at a $77.75 discount from par value. The current yield on this bond is
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
