The outstanding bonds of Company CEE carry an 8% coupon and have a current market price...
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The outstanding bonds of Company CEE carry an 8% coupon and have a current market price of $875. The bonds have a face value of $1,000 and mature in 10 years. What is the current yield on these bonds? Nper Price CPN % Par Value PMT YTM per Yea 10 $875.00 8.00% $1,000 $80 10.04% The outstanding bonds of Company CEE carry an 8% coupon and have a current market price of $875. The bonds have a face value of $1,000 and mature in 10 years. What is the current yield on these bonds? Nper Price CPN % Par Value PMT YTM per Yea 10 $875.00 8.00% $1,000 $80 10.04%
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Solution To calculate the current yield of the bonds you need to divide the annual coupon payment by ... 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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