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Calculate the yield on the described bond below. A $1500 Treasury bond with a coupon rate of 3.2% that has a market value of $1325.
Calculate the yield on the described bond below.
A $1500 Treasury bond with a coupon rate of 3.2% that has a market value of $1325.
The current yield is___%
(round two decimal places as needed)
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Personal Finance
Authors: Jeff Madura
7th Edition
0134989961, 978-0134989969
