Question
You are considering buying bonds in HGZT, Inc. The bonds have a par value of $1,000 and mature in 13 years. The annual coupon rate
You are considering buying bonds in HGZT, Inc. The bonds have a par value of $1,000 and mature in 13 years. The annual coupon rate is 11.0% and the coupon payments are annual. The bonds are currently selling for$1,442.63 based on a yield-to-maturity of 6.0%. What is the bond's current yield?
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Financial Intelligence For IT Professionals
Authors: Julie Bonner
1st Edition
103215294X, 9781032152943
