A semi-annual coupon Corporate bond is quote das 85.94. This bond has 16 year sti maturity with

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A semi-annual coupon Corporate bond is quote das 85.94. This bond has 16 year sti maturity with a coupon rate of 5%. What is the current yield on this bond?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Apr 17, 2024 01:27 AM

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A semi-annual coupon Corporate bond is quote das 85.94. This bond has 16 year sti maturity with

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To calculate the current yield on a corporate bond you can use the followin... View the full answer

Foundations of Financial Management

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