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Grant Corporation's bonds carry a 1.5% coupon rate, pay coupons semiannually, and mature in 25 years. Similar bonds have a yield of 5%. What is
Grant Corporation's bonds carry a 1.5% coupon rate, pay coupons semiannually, and mature in 25 years. Similar bonds have a yield of 5%. What is the CURRENT YIELD for Grant Corporation's bonds?
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
