Suppose you are given the following bond quote, Ask an Expert

Finance

Suppose you are given the following bond quote information:

Time to maturity: 15 years

Coupon rate: 4.875%

Yield to maturity: 6%

Par value: $1,000

Assuming semi-annual compounding, calculate the current yield for the bond. (Enter percentages as decimals and round to 4 decimals)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92396700

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