A bond that matures in 10 years sells for 1190 the bond has


Current Yield with Semiannual Payments

A bond that matures in 10 years sells for $1,190. The bond has a face value of $1,000 and a yield to maturity of 9.7489%. The bond pays coupons semiannually. What is the bond's current yield? Round your answer to two decimal places.

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Financial Management: A bond that matures in 10 years sells for 1190 the bond has
Reference No:- TGS01038078

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