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Assume you own a corporate bond that has a face value of $1,000 with nine years to maturity and pays 6.2 percent coupon. The bond
Assume you own a corporate bond that has a face value of $1,000 with nine years to maturity and pays 6.2 percent coupon. The bond makes semiannual payments and currently is selling for 105 percent of par.
- What is the current price of the bond?
- What is the yield to maturity (YTM) of this bond?
- What is the current yield on the bond?
- What is the effective annual yield?
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
