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I need help solving this practice assignmnet. Not sure how to solve A bond is currently selling for $800. It has a coupon rate of
I need help solving this practice assignmnet. Not sure how to solve
A bond is currently selling for $800. It has a coupon rate of 4% with an annual coupon payment. The bond will mature in 5 years and as the face value of $1,000. What is the current yield of this bond? O 7.36% O 5.00% 8.56% 0 4.00% 09.16% Step by Step Solution
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