Question
Consider a bond that has a price of $1027.98, a coupon rate of 9%, a yield to maturity of 8.7%, a face value of $1000,
Consider a bond that has a price of $1027.98, a coupon rate of 9%, a yield to maturity of 8.7%, 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 answer to 2 DECIMAL PLACES.
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The Finance Book
Authors: Stuart Warner, Si Hussain
2nd Edition
1292401982, 978-1292401980
