Question
Determine the current yield on a corporate bond investment that has a face value of $1140, pays 3 percent, and has a current price of
Determine the current yield on a corporate bond investment that has a face value of $1140, pays 3 percent, and has a current price of $1300.
Convert your answer to a percent, then round to 1 decimal place (i.e. 1.32.4). Do not include the "%" sign in your response.
Your Answer:
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
