Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Brown Enterprises’ bonds has YTM of 8.25%. They have a 9-year maturity, an annual coupon of 8%, and a par value of $1,000. What is their current yield (i.e., annual coupon payment/ price of bond)?
8.75%
9.00%
8.25%
8.13%
8.00%
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