Question: HW Help, Question #2 Today, a bond has a coupon rate of 7.84 percent, par value of 1,000 dollars, YTM of 9.66 percent, and semi-annual

HW Help, Question #2

Today, a bond has a coupon rate of 7.84 percent, par value of 1,000 dollars, YTM of 9.66 percent, and semi-annual coupons with the next coupon due in 6 months. One year ago, the bonds price was 929.91 dollars and the bond had 16 years until maturity. What is the current yield of the bond today? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

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