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ABCE bond has 12 years until maturity and a coupon rate of 8.2% payable annually, and sells for $1,080. Face value of the bond is
ABCE bond has 12 years until maturity and a coupon rate of 8.2% payable annually, and sells for $1,080. Face value of the bond is $1,000. a. What is the current yield on the bond? (Round your answer to 2 decimal places.) Current vield. % b. What is the yield to maturity? (Round your answer to 2 decimal places.) vield to maturity
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
