Question
Assume that you paid $942.97 for a Treasury note with a par value of $1000. The coupon rate of the bond is 0.044 and the
Assume that you paid $942.97 for a Treasury note with a par value of $1000. The coupon rate of the bond is 0.044 and the yield is 0.054. The 7-year bond pays annual coupons. Compute the current yield of the bond. Enter as a number.
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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
