Question
Assume you have a bond with a semi-annual interest payment of $45, a par value of $1,000, and a current market price of $1,120. What
Assume you have a bond with a semi-annual interest payment of $45, a par value of $1,000, and a current market price of $1,120. What is the current yield of the bond? Answer as a percentage with 2 decimals (ex. 10.00%).
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
