Question
Star Kabab has issued a Tk. 5,000 bond in the market at 10% coupon interest rate. An investor invests in that bond where his
Star Kabab has issued a Tk. 5,000 bond in the market at 10% coupon interest rate. An investor invests in that bond where his expected rate of return is 12%. If the bond is currently selling for Tk. 5,500 in the market, calculate current yield of the bond.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
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