A bond that matures in 5 years sells for 1250 the bond has
A bond that matures in 5 years sells for $1,250. The bond has a face value of $1,000 and a yield to maturity of 11.5%. The bond pays coupons semiannually. What is the bond’s current yield?
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a bond that matures in 5 years sells for 1250 the bond has a face value of 1000 and a yield to maturity of 115 the bond
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