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QUESTION
I need help with this question. I do not know which formula to use for this eqution. Mike paid $1,051 for a corporate bond that has a 18.68 percent
I need help with this question. I do not know which formula to use for this eqution.
Mike paid $1,051 for a corporate bond that has a 18.68 percent coupon rate. What is the bond's current yield? Please Assist.
