South African Airlines are selling bonds to the public which offer a coupon rate of 6.3%, which is paid semi-annually. These bonds have a Par value of R1000.00 and currently sell for R938.28. What is the Current Yield on these bonds? Provide your answer in percent (%), correct to TWO decimal places. However, do not write the sign (%) only write down the value and do not leave any spaces between numbers.
South African Airlines are selling bonds to the public which offer a coupon rate of 6.3%, which is paid semi-annually. These bonds have a Par value of R1000.00 and currently sell for R938.28. What is the Current Yield on these bonds? Provide your answer in percent (%), correct to TWO decimal places. However, do not write the sign (%) only write down the value and do not leave any spaces between numbers.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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South African Airlines are selling bonds to the public which offer a coupon rate of 6.3%, which is paid semi-annually. These bonds have a Par value of R1000.00 and currently sell for R938.28.
What is the Current Yield on these bonds?
Provide your answer in percent (%), correct to TWO decimal places. However, do not write the sign (%) only write down the value and do not leave any spaces between numbers.
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