Question
An annual bond has a face value of $1,000, a coupon rate of 11.7%, a yield to maturity of 6.8%. The price of the bond
An annual bond has a face value of $1,000, a coupon rate of 11.7%, a yield to maturity of 6.8%. The price of the bond is $1291.17. What is the current yield of the bond? Please give your answer to 2 decimal places: 9.99%
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Public Finance Theory And Practice
Authors: M. Marlow
1st Edition
0030969603, 978-0030969607
