Question: write the answer in 2-3 steps with clear hand writing or typed answer A bond, which has a face value of 1000, is currently traded

write the answer in 2-3 steps with clear hand writing or typed answer

write the answer in 2-3 steps with clear hand

A bond, which has a face value of 1000, is currently traded for 1300. The bond pays annual coupon of 10% semi-annually. What is the current yield (CY) of the bond

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