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a coupon bond that pays interest of $70 annually has a par value of $1000, matures in 6 years and is selling today at $50.50
a coupon bond that pays interest of $70 annually has a par value of $1000, matures in 6 years and is selling today at $50.50 discount from par value.
The current yield on this bond is ______?
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Financial Management Theory And Practice
Authors: Prasanna Chandra
10th Edition
9353166527, 978-9353166526
