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Heath Food Corporation’s bonds have 6 years remaining to maturity. The bonds have a face value...

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Finance

Heath Food Corporation’s bonds have 6 years remaining tomaturity. The bonds have a face value of $1,000 and a yield tomaturity of 11%. They pay interest annually and have a 6% couponrate. What is their current yield? Round your answer to two decimalplaces.

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Solution As per the Information given in the question we havea Coupon rate 6 b Par Value 1000c Annual coupon Payment 1000 6    See Answer
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Transcribed Image Text

Heath Food Corporation’s bonds have 6 years remaining tomaturity. The bonds have a face value of $1,000 and a yield tomaturity of 11%. They pay interest annually and have a 6% couponrate. What is their current yield? Round your answer to two decimalplaces.

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