Bond coupon rate-current yield
Blackstone, Inc. has a 5 year bond outstanding that pays $60 annually. The face value of each bond is $1,000, and the bond sells for $890.
a. What is the bond coupon rate?
b. What is the current yield?
c. What is the yield to majority?
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Blackstone, Inc. has a 5 year bond outstanding that pays $60 annually. The face value of each bond is $1,000, and the bond sells for $890. What is the bond coupon rate?
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