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A perpetual bond with a par value of $1,000.00 and a semiannual coupon has a nominal yield to maturity of 5.20% and a current price
A perpetual bond with a par value of $1,000.00 and a semiannual coupon has a nominal yield to maturity of 5.20% and a current price of $1,055.00. What is its current yield?
| 5.41% |
| 5.29% |
| 5.49% |
| 0.00% |
| 5.20% |
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Entrepreneurial Finance
Authors: Steven Rogers
4th Edition
1260461440, 978-1260461442
