Suppose you are considering investing in a $1,000 par value, 4 year, 5% annual coupon rate bond, but pays monthly instal

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Suppose you are considering investing in a $1,000 par value, 4 year, 5% annual coupon rate bond, but pays monthly instal

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Suppose You Are Considering Investing In A 1 000 Par Value 4 Year 5 Annual Coupon Rate Bond But Pays Monthly Instal 1
Suppose You Are Considering Investing In A 1 000 Par Value 4 Year 5 Annual Coupon Rate Bond But Pays Monthly Instal 1 (13.28 KiB) Viewed 10 times
Suppose you are considering investing in a $1,000 par value, 4 year, 5% annual coupon rate bond, but pays monthly installment. If the current market price of the bond is $914, what is the current yield of the bond? (Round your answer to two decimal point)
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