Wingline, Inc. $1,000 par value bonds mature in 8 years and pay a quoted 10.01% coupon rate on a semi-annual basis. The

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answerhappygod
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Wingline, Inc. $1,000 par value bonds mature in 8 years and pay a quoted 10.01% coupon rate on a semi-annual basis. The

Post by answerhappygod »

Wingline, Inc. $1,000 par value bonds mature in 8 years and pay
a quoted 10.01% coupon rate on a semi-annual basis. The bonds are
currently selling in the market for $1,012.61 per bond. What is the
bond's current yield? Submit your answer as a percentage and
round to two decimal places (Ex. 0.00%)
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