Question
Suppose a firm has the following bond information: Years to maturity: 8 Coupon Rate: 3%,semi-annual payments Par Value:$1,000 Price: 95% of par value Calculate the
Suppose a firm has the following bond information:
Years to maturity: 8
Coupon Rate: 3%,semi-annual payments
Par Value:$1,000
Price: 95% of par value
Calculate the current yieldon the bond. (Enter percentages as decimals and round to 4 decimals).
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
