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As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 12 years, the coupon rate is 5% paid
As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 12 years, the coupon rate is 5% paid annually, and the discount rate is 12%. What is the bond's Current Yield?
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Fundamentals of Investments
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
3rd edition
132926172, 978-0132926171
