A bond currently sells for $950. It has an 8-year maturity, an annual coupon of $80, which

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A bond currently sells for $950. It has an 8-year maturity, an annual coupon of $80, which is paid semiannually, and a par value of $1,000.

What is its current yield?

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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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Posted Date: Mar 30, 2023 02:16 AM

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A bond currently sells for $950. It has an 8-year maturity, an annual coupon of $80, which

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The current yield of a bond is the annual coupon payment divided ... View the full answer

Fundamentals of Corporate Finance

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