Question
You paid $1,189 for a corporate bond that has a 11.49 percent coupon rate. What is the bond's current yield? Round the answer to two
You paid $1,189 for a corporate bond that has a 11.49 percent coupon rate. What is the bond's current yield?
Round the answer to two decimal places in percentage form.
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Get StartedRecommended Textbook for
Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
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