Assume that a bond with $1000 par value and 7% coupon rate has a current price of

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Assume that a bond with $1000 par value and 7% coupon rate has a current price of $888. What is its current yield?

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Investments Analysis and Management

ISBN: 978-1118363294

12th edition

Authors: Charles P. Jones

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Posted Date: Apr 07, 2024 08:04 AM

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Assume that a bond with $1000 par value and 7% coupon rate has a current price of

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To calculate the current yield of a bond you need to divide the annual coupon ... View the full answer

Investments Analysis and Management

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