Question
Global Trade, Inc. has $1000 face value bonds outstanding with a market price of $1,025. The bonds pay interest semi-annually, mature in 11 years, and
Global Trade, Inc. has $1000 face value bonds outstanding with a market price of $1,025. The bonds pay interest semi-annually, mature in 11 years, and have a yield to maturity of 5.34 percent. What is the current yield?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Millon Cornett
1st International Edition
0071181334, 9780071181334
