Six months ago a bond had a coupon rate of 1114 percent par, Finance Basics

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Six months ago a bond had a coupon rate of 1114 percent par

Question: Six months ago, a bond had a coupon rate of 11.14 percent, par value of $1000, YTM of 11.72 percent, and semi-annual coupons. Today, the bond's price is 978.34 and the bond has 8 years until maturity. What was the current yield of the bond six months ago? The next coupon is due in 6 months. Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

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Finance Basics: Six months ago a bond had a coupon rate of 1114 percent par

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Finance Basics: Six months ago a bond had a coupon rate of 1114 percent par

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