Question
Consider a bond that has a price of $1000.00 , a coupon rate of 7.1% , a yield to maturity of 7.1% , a face
Consider a bond that has a price of
$1000.00, a coupon rate of
7.1%, a yield to maturity of
7.1%, a face value of
$1000, and 20 years to maturity. What is the current yield? Enter your answer as a percentage. Do not include the percentage sign in your answer.\ Enter your response below. Enter your answer to 2 DECIMAL PLACES.\ Number
% 
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McMillan On Options
Authors: Lawrence G. McMillan
2nd Edition
0471678759, 978-0471678755
