Abc has issued a 1000 par bond with 15 years to maturity, Ask an Expert

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ABC has issued a $1000 par bond with 15 years to maturity. The bond is currently quoted at 116.4% of par value. The bond pays a semi-annual coupon of $47, and a maturity of five years. What is the current yield? Enter your answer as a percentage rounded off to TWO decimal points

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Financial Management, Finance

Category:- Financial Management
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