Question
Johnny earned a return of 12% on his coupon bond holdings this year. The value of these holdings is currently $15,000. At the start of
Johnny earned a return of 12% on his coupon bond holdings this year. The value of these holdings is currently $15,000. At the start of the year, the value was $14,000. What was the current yield? Answer as a percent, round to two decimal places.
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Corporate And Project Finance Modeling Theory And Practice
Authors: Edward Bodmer
1st Edition
1118854365, 9781118854365
