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The Garland Corporation has a bond outstanding with a $60 annual interest with semiannual payment, a market price of $880, and a maturity date in
The Garland Corporation has a bond outstanding with a $60 annual interest with semiannual payment, a market price of $880, and a maturity date in 10 years. Assume the par value of the bonds is $1,000.
Find the following: Use Appendix B and Appendix C. (Do not round your intermediate calculations. Round the final answers to 2 decimal places.)
a. The coupon rate | % |
b. The current yield | % |
c. The yield to maturity | % |
d. The yield an investor would realize if coupon payments were reinvested at 6 percent (holding period return) | % |
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