A 2-year, $1,000 face value bond with 5% annual coupon rate has a yield to maturity of
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A 2-year, $1,000 face value bond with 5% annual coupon rate has a yield to maturity of 6%. What is the current yield on this bond?
Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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