Question: Consider a $ 1 , 0 0 0 par value bond with a 7 % annual coupon. The bond pays interest annually. There are 2

Consider a $1,000 par value bond with a 7% annual coupon. The bond pays
interest annually. There are 2 years remaining until maturity. What is the current
yield on the bond assuming that the required return on the bond is 10%? Assume
simple compounding ANSWER WITH EXCEL

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