Question
Consider a 20-year bond with 10 percent annual coupon payments. The market rate (YTM) is 6.4 percent for this bond. The current yield of the
Consider a 20-year bond with 10 percent annual coupon payments. The market rate (YTM) is 6.4 percent for this bond.
The current yield of the bond is _______ percent. Answer it in percentage without the % sign, and round it to two decimal place, e.g., 5.69.
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Business And Personal Finance
Authors: McGraw-Hill
1st Edition
0078945801, 9780078945809
