Business Studies, asked by patilshruti8199, 1 year ago

7% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of

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Answered by ssvijay738

The bond has a face value of $1000 and a current yield .. and FV 1000. In order to solve for I/YR we need PV. However, you are also given that the current yield is equal to 8.21%

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