Assume you own a corporate bond that has a face value of $1,000 and pays 4.60 percent.

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Assume you own a corporate bond that has a face value of $1,000 and pays 4.60 percent. What is the current yield if the bond is currently selling for $1,080?

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Focus On Personal Finance

ISBN: 9781265521974

7th Edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart

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Question Posted: Jun 02, 2022 08:44 AM

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Assume you own a corporate bond that has a face value of $1,000 and pays 4.60 percent.

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The current yield is 426 Face value I...View the full answer

Focus On Personal Finance

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