Consider a 19-year bond with 5 percent annual coupon


Consider a 19-year bond with 5 percent annual coupon payments. The market rate (YTM) is 5.3 percent for this bond. The current yield of the bond is _______ percent.

Answer it in percentage without the % sign, and round it to two decimal place, e.g., 5.69.

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Financial Management: Consider a 19-year bond with 5 percent annual coupon
Reference No:- TGS01703084

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