Question
(Current yield and YTM) A corporate semi-annual interest paying bond is priced at $1.159.25. It has a coupon rate of 5.5% matures in 30 years,
(Current yield and YTM) A corporate semi-annual interest paying bond is priced at $1.159.25. It has a coupon rate of 5.5% matures in 30 years, and has a face value $1,000. What is the bond's current yield and yield to maturity?
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Introduction To Corporate Finance
Authors: William L. Megginson, M.D. Lucey Brian C., Scott J. Smart, Scott B. Smart, Bill Megginson
1st Edition
184480562X, 9781844805624
