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Graystone bonds have a par value of $1,000. The bonds carry a coupon rate of 5 percent. Interest is paid semi-annually. The bonds will mature
Graystone bonds have a par value of $1,000. The bonds carry a coupon rate of 5 percent. Interest is paid semi-annually. The bonds will mature in eight years. If the current market price of this type of bond is $780
A. What is the yield to maturity on the bond?
B. What is the current yield on the bond?
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