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samualson samualson
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5 years ago
Messenger, Inc. bonds have a 4% coupon rate with semiannual coupon payments and a $1,000 par value. The bonds have 11 years until maturity, and sell for $925. What is the current yield for Messenger's bonds?
A) 2.16%
B) 3.45%
C) 4.32%
D) 5.52%
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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Marc18Marc18
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samualson Author
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#2
5 years ago
You're an excellent tutor!
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