A bond with par value of $1,000 has an annual coupon rate of 4.5% and currently sells

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A bond with par value of $1,000 has an annual coupon rate of 4.5% and currently sells for $830. What Is the bond's current yield?

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Intermediate Financial Management

ISBN: 978-1111530266

11th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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Posted Date: Apr 24, 2024 06:55 AM

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A bond with par value of $1,000 has an annual coupon rate of 4.5% and currently sells

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The current yield of a bond is calculated by dividing ... View the full answer

Intermediate Financial Management

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