Garvin Enterprises bonds currently sell for $1,100. They have a 6-year maturity, an annual coupon of $95,
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Garvin Enterprises’ bonds currently sell for $1,100. They have a 6-year maturity, an annual coupon of $95, and a par value of $1,000. What is their current yield? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.
Related Book For
Principles Of Managerial Finance
ISBN: 9781292018201
14th Global Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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