Assuming a market rate of 7.2% over all maturities, the current yield of a bond with...
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Assuming a market rate of 7.2% over all maturities, the current yield of a bond with a coupon rate of 6.6%, paying semi-annual coupons, with 8 years to maturity is: % (Face value is $1,000) (Note: please retain at least 4 decimals in your calculations and at least 2 decimals in the final answer.) Assuming a market rate of 7.2% over all maturities, the current yield of a bond with a coupon rate of 6.6%, paying semi-annual coupons, with 8 years to maturity is: % (Face value is $1,000) (Note: please retain at least 4 decimals in your calculations and at least 2 decimals in the final answer.)
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Answer rating: 100% (QA)
Years Casb flow Present Value Factor 36 Discounted Cash flow 116 33 12003... View the full answer
Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
Posted Date:
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