Suppose you read in The Wall Street Journal that a $1,000 par value, 6 year bond, with a annual coupon rate of 5% but pa

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Suppose you read in The Wall Street Journal that a $1,000 par value, 6 year bond, with a annual coupon rate of 5% but pa

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Suppose You Read In The Wall Street Journal That A 1 000 Par Value 6 Year Bond With A Annual Coupon Rate Of 5 But Pa 1
Suppose You Read In The Wall Street Journal That A 1 000 Par Value 6 Year Bond With A Annual Coupon Rate Of 5 But Pa 1 (15.42 KiB) Viewed 10 times
Suppose you read in The Wall Street Journal that a $1,000 par value, 6 year bond, with a annual coupon rate of 5% but pays interest semi-annually, is trading (quoted) at $96. What is the bond's current yield? (Round your answer to two decimal point)
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