Consider a 23-year bond with 8 percent annual coupon payments. The market rate (YTM) is 6.1 percent
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Consider a 23-year bond with 8 percent annual coupon payments. The market rate (YTM) is 6.1 percent for this bond. The current yield of the bond is _______ percent. Answer it in percentage without the % sign, and round it to two decimal place, e.g., 5.69
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders , Marcia Cornett
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