A bond with a par value of 100000 and a semiannual coupon


A bond with a par value of $1,000.00 and a semiannual coupon has a nominal yield to maturity of 6.60% and a current price of $1,035.00. If the bond has 8 years to maturity, what is its current yield?

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Financial Management: A bond with a par value of 100000 and a semiannual coupon
Reference No:- TGS01465777

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