A bond with a par value of $1,000 and a semiannual coupon has a yield to maturity

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A bond with a par value of $1,000 and a semiannual coupon has a yield to maturity of 6.60% and a current price of $1,035. If the bond has 8 years to maturity, what is its current yield?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Jan 22, 2024 06:28 AM

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A bond with a par value of $1,000 and a semiannual coupon has a yield to maturity

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Foundations of Financial Management

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