Ranveer Ltd. issued a $100 par value, 8%, semi-annual, 30-year debenture bond. The bond is presently trading
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Question:
Ranveer Ltd. issued a $100 par value, 8%, semi-annual, 30-year debenture bond. The bond is presently trading for $120. Calculate the current yield of the bond.
- 6.67%
- 3.27%
- 3.24%
- 6.63%
- 6.60%
Related Book For
Introduction to Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff rey F. Beatty, Susan S. Samuelson
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