A bond with 1000 par value, has 14 years left to maturity has a coupon rate of

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A bond with 1000 par value, has 14 years left to maturity has a coupon rate of 10% with semi-annual coupon payments. The current yield to maturity is 13.5%. What is the current yield?

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Basic Finance An Introduction to Financial Institutions, Investments and Management

ISBN: 978-1285425795

11th Edition

Authors: Herbert B. Mayo

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Posted Date: Apr 23, 2020 08:34 AM

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A bond with 1000 par value, has 14 years left to maturity has a coupon rate of

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Basic Finance An Introduction to Financial Institutions, Investments and Management

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