Question
Determine the current yield on a corporate bond investment that has a face value of $1020, pays 9 percent, and has a current price of
Determine the current yield on a corporate bond investment that has a face value of $1020, pays 9 percent, and has a current price of $1300.
Convert your answer to a percent, then round to 1 decimal place.
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
