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nurse15 nurse15
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9 months ago
Company A has a bond outstanding that pays a 9% coupon. The interest is paid annually, and the bond matures in 15 years. The market rate of interest on bonds of similar risk is 6.5% and the bond is selling for $1,235.07. One year from today, the bond is expected to be selling for $1,225.35. What is the current yield on the bond?


▸

7.2870%



▸

7.3448%



▸

7.4500%



▸

7.5832%

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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Chintan13Chintan13
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9 months ago
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9 months ago
Helped a lot
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