Question: Problem 7-5 Calculate the current yield on a $1000 face value bond under the following conditions. Assume bond coupons are paid semiannually. Round the answers

Problem 7-5

Calculate the current yield on a $1000 face value bond under the following conditions. Assume bond coupons are paid semiannually. Round the answers to 2 decimal places.

Coupon Rate		Time Until Maturity		Current Market Rate		Current Yield
12	%	15	years	10	%	%
6		5		12		%
9		25		6		%
14		30		9		%
5		6		8		%

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