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Suppose that last year, the market price for a certain bond was $10,491. Since then, the price has decreased by 10.5%. If the current yield
Suppose that last year, the market price for a certain bond was $10,491. Since then, the price has decreased by 10.5%. If the current yield was 6.9% last year, what is the current yield today?
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
