Question
Subaru Corporations bond currently sells for $1,055. It has a 9% coupon rate and a $1,000 par value. The bond pays annual coupon payments and
Subaru Corporations bond currently sells for $1,055. It has a 9% coupon rate and a $1,000 par value. The bond pays annual coupon payments and it has 14 years to maturity. Calculate the current yield for Subaru Corporation AND explain how current yield is different than yield to maturity. Keep 2 decimal places for percentages (0.00% or 0.0000).
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
