Consider a bond that has a price of $963.55, a coupon rate of 5%, a yield...
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Consider a bond that has a price of $963.55, a coupon rate of 5%, a yield to maturity of 5.3%, a face value of $1000, and 20 years to maturity. What is the current yield? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below. Enter your answer to 2 DECIMAL PLACES. Consider a bond that has a price of $963.55, a coupon rate of 5%, a yield to maturity of 5.3%, a face value of $1000, and 20 years to maturity. What is the current yield? Enter your answer as a percentage. Do not include the percentage sign in your answer. Enter your response below. Enter your answer to 2 DECIMAL PLACES.
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To calculate the current yield of a bond we use the formula Current Yi... View the full answer
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
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