Jennifer Davis wants to invest in four-year bonds that are currently priced at $853.73. These bonds have
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Jennifer Davis wants to invest in four-year bonds that are currently priced at $853.73. These bonds have a coupon rate of 5.7 percent and make semiannual coupon payments. What is the current market yield on this bond?
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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