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Microsoft issues a bond with a coupon rate of 5.60% and a maturity of 16 years. The bond has a traditional par value of $1,000.
Microsoft issues a bond with a coupon rate of 5.60% and a maturity of 16 years. The bond has a traditional par value of $1,000. The yield to maturity is 7.60% The bond has a current market value of $818.35 What is the bond's Current Yield? a. Current Yield = 6.84% O b. Current Yield = 5.60% c. Current Yield = 7.60% O d. Current Yield = 8.64%
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