Heath Food Corporations bonds have 18 years remaining to maturity. The bonds have a face value of
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Question:
Heath Food Corporation’s bonds have 18 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 8%. They pay interest annually and have a 9% coupon rate.
What is their current yield? Do not round intermediate calculations. Round your answer to two decimal places.
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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