Business
Business, 12.08.2020 06:01, thisisalegand

A bond with a par value of $1,000 and an annual coupon has a yield to maturity of 5.60% and a current price of $975. If the bond has 18 years to maturity, what is its current yield?

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A bond with a par value of $1,000 and an annual coupon has a yield to maturity of 5.60% and a curren...

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