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Compute the current yield on a bond with a yield to maturity of 4.4%, a par value of $1000, a coupon rate of 6.8% paid semi-annually, a remaining life of 13 years? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.)

Compute the current yield on a bond with a yield to maturity of 4.4%, a par value of $1000, a coupon rate of 6.8% paid semi-annually, a remaining life of 13 years? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.)

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
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Compute the current yield on a bond with a yield to maturity of 4.4%, a par value of $1000, a coupon rate of 6.8% paid semi-annually, a remaining life of 13 years? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.)
Transcribed Image Text:Compute the current yield on a bond with a yield to maturity of 4.4%, a par value of $1000, a coupon rate of 6.8% paid semi-annually, a remaining life of 13 years? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.)
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