What is the current yield of a bond with a 8% coupon rate coupon paying interest annually,

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What is the current yield of a bond with a 8% coupon rate coupon paying interest annually, 5 years until maturity, a face value of
$1,000, and a current price of $971?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Apr 22, 2024 01:47 AM

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What is the current yield of a bond with a 8% coupon rate coupon paying interest annually,

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The current yield of a bond is calculated as follows Current Yield An... View the full answer

Personal Finance

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