Question
The bonds for Company A have a 4.5% coupon rate, a $1000 par value, and 12 years to maturity. The bonds are currently priced at
The bonds for Company A have a 4.5% coupon rate, a $1000 par value, and 12 years to maturity. The bonds are currently priced at $905.40.
What is the bond's current yield for the coming year?
Enter your answer as a decimal with a leading zero and 4 decimal places of precision (i.e. 0.1234)
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Marketing For Financial Advisors
Authors: Eric Bradlow, Keith Niedermeier, Patti Williams
1st Edition
0071605142, 978-0071605144
