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Consider a bond that has a price of $888.48, a coupon rate of 7.1%, a yield to maturity of 8.1%, a face value of
Consider a bond that has a price of $888.48, a coupon rate of 7.1%, a yield to maturity of 8.1%, a face value of $1000, and 30 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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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
9th Edition
978-0134083285, 134083288, 978-0134084015
