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A high yield corporate bond has $1000 face value, with a market price of $1124. The bond pay interest semiannually,matures in 6 years and has
A high yield corporate bond has $1000 face value, with a market price of $1124. The bond pay interest semiannually,matures in 6 years and has a yield to maturity of 7.10%. What is the current yield?
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
