Six months ago a bond had a coupon rate of 1114 percent par, Ask an Expert

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Six months ago, a bond had a coupon rate of 11.14 percent, par value of $1000, YTM of 11.72 percent, and semi-annual coupons. Today, the bond’s price is 978.34 and the bond has 8 years until maturity. What was the current yield of the bond six months ago?

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Financial Management, Finance

Category:- Financial Management
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