Question
GEs bonds have a face value of $1,000 and are currently sold for 89.4% of the par. The bonds have a 6 percent coupon rate.
GEs bonds have a face value of $1,000 and are currently sold for 89.4% of the par. The bonds have a 6 percent coupon rate. What is the current yield on these bonds?
Please show equations and all work.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th Edition
1260772381, 978-1260772388
