County Corp. issued bonds that have 8.5 percent coupon rate. Maturity is 6 years. Price is $1,112.

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County Corp. issued bonds that have 8.5 percent coupon rate. Maturity is 6 years. Price is $1,112. What is the yield to maturity and current yield?

a. Expected rate of return nothing%. (Round to two decimalplaces.)

b.Current yield nothing%. (Round to two decimalplaces.)

Related Book For answer-question

Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078110931

16th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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Posted Date: Nov 21, 2022 08:20 AM

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County Corp. issued bonds that have 8.5 percent coupon rate. Maturity is 6 years. Price is $1,112.

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Expert Answer:

Answer a The yield to maturity is 85 b The current yield is 81 Y... View the full answer

Accounting for Governmental and Nonprofit Entities

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