Consider a 26-year bond with 6 percent annual coupon payments. The market rate (YTM) is 8.6 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.
Consider a 26-year bond with 6 percent annual coupon payments. The market rate (YTM) is 8.6 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.
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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Transcribed Image Text:Consider a 26-year bond with 6 percent annual coupon payments. The market rate
(YTM) is 8.6 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.
Your Answer:
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Chund
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