Assume you have a bond with a semi-annual interest payment of $60, a par value of $1,000,
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Assume you have a bond with a semi-annual interest payment of $60, a par value of $1,000, and a current market price of $920. What is the current yield of the bond?
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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