Question
Garvin Enterprises bonds currently sell for $1,000. They have a 13-year maturity, an annual coupon of $145, and a par value of $1,000. What is
Garvin Enterprises bonds currently sell for $1,000. They have a 13-year maturity, an annual coupon of $145, and a par value of $1,000. What is their current yield?
A. 9.30%
B. 10.00%
C. 14.50%
D. 13.00%
Please explain how to do it on calculator
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Financial Reporting Financial Statement Analysis And Valuation
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
10th Edition
0357722094, 978-0357722091
