Question
Consider a 25-year bond with 11 percent annual coupon payments. The market rate (YTM) is 8.6 percent for this bond. The current yield of the
Consider a 25-year bond with 11 percent annual coupon payments. The market rate (YTM) is 8.6 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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Health Care Finance And The Mechanics Of Insurance And Reimbursement
Authors: Michael K. Harrington
2nd Edition
1284169030, 978-1284169034
