Question
The coupon rate on a bond is 10.66%. The par value of the bond is $1,000. The bond has a maturity of 18 years. If
The coupon rate on a bond is 10.66%. The par value of the bond is $1,000. The bond has a maturity of 18 years. If today's price of the bond is $738.27, what is the current yield? Note: Convert your answer to percentage and round off to two decimal points
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
2nd Edition
003034509X, 9780030345098
