Wingline, Inc. $1,000 par value bonds mature in 15 years and pay a quoted 6.2% coupon rate

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Wingline, Inc. $1,000 par value bonds mature in 15 years and pay a quoted 6.2% coupon rate on a semi-annual basis. The bonds are currently selling in the market for $1,056.38 per bond.

What is the bond's current yield?

Related Book For answer-question

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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Posted Date: Jun 15, 2023 01:25 AM

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Wingline, Inc. $1,000 par value bonds mature in 15 years and pay a quoted 6.2% coupon rate

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The bonds current yield is calculated by dividing the ... View the full answer

Financial Accounting an introduction to concepts, methods and uses

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