A 1000 par value bond has an 8 coupon and pays interest


A $1,000 par value bond has an 8% coupon and pays interest annually. There are 9 years remaining until maturity. The market rate for this and similar bonds is 10%. What is the CURRENT YIELD on this bond?

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Finance Basics: A 1000 par value bond has an 8 coupon and pays interest
Reference No:- TGS0612370

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