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). what is the current yield of the bond?(Round the value to 100th only without converting it to a decimal format. If the answer is 8.55%,

). what is the current yield of the bond?(Round the value to 100th only without converting it to a decimal format. If the answer is 8.55%,

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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QUESTION 1 Patriot Theaters has a bond outstanding that pays a semi-annual coupon of $29. The bond is priced at $1090 and has a par value of $2000. what is the current yield of the bond?(Round the value to 100th decimal and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55)
Transcribed Image Text:QUESTION 1 Patriot Theaters has a bond outstanding that pays a semi-annual coupon of $29. The bond is priced at $1090 and has a par value of $2000. what is the current yield of the bond?(Round the value to 100th decimal and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55)
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