Question
The 8 percent $1, 000 face value bonds of Sweet Sue Foods are currently selling at $1,057. These bonds have 16 years left until maturity.
The 8 percent $1, 000 face value bonds of Sweet Sue Foods are currently selling at $1,057. These bonds have 16 years left until maturity. What is the current yield?
8%
7.57%
8.23%
7.38%
8.28%
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
