Coupon Rate, Current Yield, Yield To Maturity
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Gray House is issuing bonds paying $105 annually that will mature fifteen years from today. The bond is currently selling for $980.
Calculate:
(a) Coupon Rate
(b) Current Yield
(c) Yield To Maturity
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Solution Summary
Calculates coupon rate, current yield and yield to maturity of a bond.
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Gray House is issuing bonds paying $105 annually that will mature fifteen years from today. The bond is currently selling for $980.
Calculate:
(a) Coupon Rate
Coupon rate = Annual interest / Par value= $105/$1000= 10.50%
Answer: ...
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