An investor pays $[price] for a bond. The bond has an annual…
An investor pays $[price] for a bond. The bond has an annual coupon rate of [coupon]%. What is the current yield on this bond? *Hint: The Face Value of this Bond is $1,000.00 State your answer as percentage and not decimal (i.e. 5.21 and not 0.052). Please do not include the % symbol.
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