Question
South African Airlines are selling bonds to the public which offer a coupon rate of 13%, which is paid semi-annually. These bonds have a Par
South African Airlines are selling bonds to the public which offer a coupon rate of 13%, which is paid semi-annually. These bonds have a Par value of R1000.00 and currently sell for R1046.03.
What is the Current Yield on these bonds?
Provide your answer in percent (%), correct to TWO decimal places. However, do not write the sign (%) only write down the value and do not leave any spaces between numbers.
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Financial Markets And Institutions A Modern Perspective
Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett
2nd Edition
007294109X, 978-0072941098
