Question
Suppose that you read in The Wall Street Journal that a bond has a coupon rate of 9 percent, a price of 710 3/8, with
Suppose that you read in The Wall Street Journal that a bond has a coupon rate of 9 percent, a price of 710 3/8, with a par value of $1,000 and pays interest annually. What would be the bond's "current" yield?
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Bankers Handbook On Credit Management
Authors: Indian Institute Of Banking & Finance
1st Edition
9387957853, 978-9387957855
