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Four years ago, Planet Corp. issued 25- year original maturity bonds at par. The coupon rate on these bonds is 7.45% and the coupon is
Four years ago, Planet Corp. issued 25- year original maturity bonds at par. The coupon rate on these bonds is 7.45% and the coupon is placed semi-annually. Your bonds broker has quoted the current price of these bonds as 92% of par. Calculate the following:
Current Yield (CY)
Yield to Maturity (YTM)
Effective Annual Yield
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