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QUESTION
Charlotte's Clothing issue a 5 percent bond with a maturity date of 15 years. 5 years have passed and the bond is selling for $ 690 dollars. a. What
Charlotte's Clothing issue a 5 percent bond with a maturity date of 15 years. 5 years have passed and the bond is selling for $ 690 dollars.
a. What is the current yield ?
b. What is the yield to maturity ?
c. If five years later the yield to maturity is 10%, what will be the price of the bond ?
