Question
Problem 5-14 Current Yield with Semiannual Payments A bond that matures in 9 years sells for $950. The bond has a face value of $1,000
Problem 5-14 Current Yield with Semiannual Payments
A bond that matures in 9 years sells for $950. The bond has a face value of $1,000 and a yield to maturity of 9.8764%. The bond pays coupons semiannually. What is the bond's current yield? Round your answer to two decimal places.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
6th International Edition
0071229035, 978-0071229036
