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Dexter Mills issued 20-year bonds a year ago at a coupon rate of 10.2 percent. The...

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Finance

Dexter Mills issued 20-year bonds a year ago at a coupon rate of10.2 percent. The bonds make semiannual payments and have a parvalue of $1,000. If the YTM on these bonds is 9.2 percent, what isthe current yield of the bond?

               

Question 33 options:

10.35%

               

10.28%

               

9.79%

               

9.37%

9.29%

Answer & Explanation Solved by verified expert
3.6 Ratings (557 Votes)
Information provided Par value future value 1000 Time 20 years2 40 semiannual periods Coupon rate 10202 510 Coupon payment 005101000 51 Yield to    See Answer
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Transcribed Image Text

Dexter Mills issued 20-year bonds a year ago at a coupon rate of10.2 percent. The bonds make semiannual payments and have a parvalue of $1,000. If the YTM on these bonds is 9.2 percent, what isthe current yield of the bond?               Question 33 options:10.35%               10.28%               9.79%               9.37%9.29%

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