Computing the current yield on the bond


Problem:

A bond has 16 years until maturity, a coupon rate of 8.8 and sells for 1099.

Requirement:

Question: What is the current yield on the bond and what is the yield to maturity.

Note: Be sure to show how you arrived at your answer.

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Accounting Basics: Computing the current yield on the bond
Reference No:- TGS0889210

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