A $1,000 par corporate bond with a coupon of 5% that pays interest semiannually and is due in five years from today is c

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answerhappygod
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A $1,000 par corporate bond with a coupon of 5% that pays interest semiannually and is due in five years from today is c

Post by answerhappygod »

A $1,000 par corporate bond with a coupon of 5% that pays
interest semiannually and is due in five years from today is
currently selling for $1,040. The yield to maturity on this bond
is:
Group of answer choices
Higher than the current yield
Equal to the current yield
Lower than the current yield
Unable to be determined
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