These bonds have a coupon rate of 7 percent and make
Problem
Rudy Sandberg wants to invest in four-year bonds that are currently priced at $872. These bonds have a coupon rate of 7 percent and make semiannual coupon payments. What is the current market yield on this bond?
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problemrudy sandberg wants to invest in four-year bonds that are currently priced at 872 these bonds have a coupon rate
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