kyao9220 kyao9220

08-05-2024
Mathematics

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One year ago, gangnam inc. issued a 12-year, 4% semiannual coupon bond at its par value of $1,000. the bond can be called in 8 years at a price of $1,100 and it now sells for $655.39. the bond has a yield to maturity of 9%. what is current yield?

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