Jaeger, Inc. bonds have a 6.45% coupon rate with semi- annual coupon payments. They have 16 years to maturity and a par value of $1,000. What is the current yield of the bond if the bond is selling at a market price of $873.73? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)
Jaeger, Inc. bonds have a 6.45% coupon rate with semi- annual coupon payments. They have 16 years to maturity and a par value of $1,000. What is the current yield of the bond if the bond is selling at a market price of $873.73? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 8P
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