Question
What is the current yield for a bond that has a coupon rate of 6.4% paid annually, a par value of $1000, and 27 years
What is the current yield for a bond that has a coupon rate of 6.4% paid annually, a par value of $1000, and 27 years to maturity? Investors require a return of 6.4% from the bond. (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34)
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
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