You paid $889 for a corporate bond with 9.2% yield and five years to maturity. the face value of the bond is $1,000. the bond pays coupon interest

You paid $889 for a corporate bond with 9.2% yield and five years to maturity. the face value of the bond is $1,000. the bond pays coupon interest on quarterly basis. your required rate of return on the bond was 8.9%. compute the bond’s current yield.

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Junaid answered 2 years ago

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