Solved: The 998 percent 1000 face value bonds of tim mcknight inc, Business Management

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The 998 percent 1000 face value bonds of tim mcknight inc

The 9.98 percent, $1,000 face value bonds of Tim McKnight, Inc., are currently selling at $1,053.3. What is the current yield?

Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box.

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Business Management: The 998 percent 1000 face value bonds of tim mcknight inc

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Business Management: The 998 percent 1000 face value bonds of tim mcknight inc

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