Question
Consider a bond that has a price of $907.76, a coupon rate of 5.8%, a yield to maturity of 6.8%, a face value of $1000,
Consider a bond that has a price of $907.76, a coupon rate of 5.8%, a yield to maturity of 6.8%, a face value of $1000, and 15 years to maturity. What is the current yield? Enter your answer as a percentage. Do not include the percentage sign in your answer.
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Investment Risk Management
Authors: Yen Yee Chong
1st Edition
0470849517, 9780470849514
