A bond with a coupon rate of 4 making annual payments is


A bond with a coupon rate of 4% making annual payments is being offered with a YTM of 5%. If the bond has 12 years until it matures, what is the current yield of the bond? (Express your answer as a percentage. example: 3.45)

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Financial Management: A bond with a coupon rate of 4 making annual payments is
Reference No:- TGS0982703

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