Calculate the current yield for this bond suppose the


Calculate the current yield for this bond. Suppose the corporate bond has an initial price of $1,600 and its price increases to $1,650 next period. Carry your answer to three decimal places--e.g., 11.125%. Find the coupon payment based on the coupon rate and face value. Then compute the current yield using the initial price and enter this value as your answer. Find the price increase using the excel sheet.

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Business Economics: Calculate the current yield for this bond suppose the
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