Question
What is the current yield for a bond that has a coupon rate of 8 . 7 % paid annually, a par value of $
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The current yield for a bond is calculated using the following formula textCurrent Yield fracAnnual ...Get Instant Access to Expert-Tailored Solutions
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
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