Question
An annual bond has a face value of $1,000, a coupon rate of 6.2%, a yield to maturity of 9.3%. The price of the bond
An annual bond has a face value of $1,000, a coupon rate of 6.2%, a yield to maturity of 9.3%. The price of the bond is $843.62. What is the current yield of the bond?
Please give your answer to 2 decimal places: 9.99%
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ISE International Financial Management
Authors: Cheol Eun, Bruce Resnick, Tuugi Chuluun
9th International Edition
1260575314, 9781260575316
