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Jaeger, Inc. bonds have a 6.29% coupon rate with semi-annual coupon payments. They have 9 years to maturity and a par value of $1,000. What
Jaeger, Inc. bonds have a 6.29% coupon rate with semi-annual coupon payments. They have 9 years to maturity and a par value of $1,000. What is the current yield of the bond if the bond is selling at a market price of $853.63? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
