Question
You paid $1181 for a corporate bond that has a 14.17 percent coupon rate. What is the bonds current yield? Round the answer to two
You paid $1181 for a corporate bond that has a 14.17 percent coupon rate. What is the bonds current yield?
Round the answer to two decimal places in percentage form.
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
