A 20-year bond with x annual coupons has a face value of
A 20-year bond with X% annual coupons has a face value of $1,000. The price of the bond is $1, 050. The interest rate is 8% convertible semiannually. Assume redemption value equals par value. Find the current yield on this bond.
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a 20-year bond with x annual coupons has a face value of 1000 the price of the bond is 1 050 the interest rate is 8
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