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A bond with an annual coupon rate of 4.8% sells for $970. what is the bond’s current yield?
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Dec 24, 2018
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A bond with an annual coupon rate of 4.8% sells for $970. what is the bond’s current yield?
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Brad Pitcher
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Given:
A bond with an annual coupon rate of 4.8%, bond value is $970. The bond's current yield can be calculated using this formula:
i = F
i
b
where i = bond
yield
F = $970
ib
= 4.8%
i = 970*(0.048)
i = $46.56
Anton Palyok
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Dec 28, 2018
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Anton Palyok
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