SOLUTION: A bond that matures in 7 years sells for $1,020. The bond has a face value of $1,000 and is to yield a maturity of 10.59%. The bond pays coupons semi-annually. What is the bond’s

Algebra ->  Finance -> SOLUTION: A bond that matures in 7 years sells for $1,020. The bond has a face value of $1,000 and is to yield a maturity of 10.59%. The bond pays coupons semi-annually. What is the bond’s      Log On


   

Question 1194822: A bond that matures in 7 years sells for $1,020. The bond has a face value of $1,000 and is to yield a maturity of 10.59%. The bond pays coupons semi-annually. What is the bond’s current yield?
Answer by ikleyn(52781) About Me  (Show Source):
You can put this solution on YOUR website!
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