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How do I do this using a financial calculator? Colette and Romy Inc. bonds have a face value of $1,000 and are currently quoted at
How do I do this using a financial calculator?
Colette and Romy Inc. bonds have a face value of $1,000 and are currently quoted at 97.725. The coupon rate for these bonds is 8 percent. What is the current yield on these bonds?
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