Question
Bonds issued by Sizzle Cleaners were priced at $1,096.00 six months ago. The bonds pay semi-annual coupons, have a coupon rate of 7.37%, just
Bonds issued by Sizzle Cleaners were priced at $1,096.00 six months ago. The bonds pay semi-annual coupons, have a coupon rate of 7.37%, just made a coupon payment, and have a face value of $1,000.00. If the bonds had a percentage return over the past 6 months (from 6 months ago to today) of 8.21%, then what is the current yield of the bonds today?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
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