Question
The face value of a bond is $1,000 and its coupon rate is 4.40% with coupons paid semiannually. Its term to maturity is 10 years.
The face value of a bond is $1,000 and its coupon rate is 4.40% with coupons paid semiannually. Its term to maturity is 10 years. If the yield to maturity of the bond is 6.10%, what is the current yield of the bond today?
Please show through manual calculation (no excel)
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YTM c FV PV n 610 100 1 FV PV 2 00022 1000 PV 20 ...
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
