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QUESTION
A highly yield corporate bond has $1000 face value with a market piece of $988. The bond pays interest annually matures in 5 years and has a yield to...
A highly yield corporate bond has $1000 face value with a market piece of $988.45. The bond pays interest annually matures in 5 years and has a yield to maturity of 6.7. What will be the current yield?
- 6.55%
- 6.47%
- 6.13%
- 5.98%
