24.  Company has $1,000 face value bonds outstanding with a market price of $1,575.30. the bonds pay interest semi-annually, mature in 17 years, and have a yield to maturity of 12%. What is the current yield?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 13Q: A company issued bonds with a $100,000 face value, a 5-year term, a stated rate of 6%, and a market...
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24.  Company has $1,000 face value bonds outstanding with a market price of $1,575.30. the bonds pay interest semi-annually, mature in 17 years, and have a yield to maturity of 12%. What is the current yield?

 
 
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