Today, a bond has a coupon ate ofr8.6 percent, par value of 1,000 dolars, YTMof4 percent, and sem-annual coupons with the net coupon due in mortha. One year age, the bond's price was 1,060.83 dolars and the bond had 11 yean unt maturty What s the cument yeid of the bond today? Arewer as a rate in decimal format so that 1234% would be entered as .1234 and 0se would be entered as 009 Number

Today, a bond has a coupon ate ofr8.6 percent, par value of 1,000 dolars, YTMof4 percent, and sem-annual coupons with the net coupon due in mortha. One year age, the bond's price was 1,060.83 dolars and the bond had 11 yean unt maturty What s the cument yeid of the bond today? Arewer as a rate in decimal format so that 1234% would be entered as .1234 and 0se would be entered as 009 Number

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: The Basic Tools Of Finance

Section: Chapter Questions

Problem 3CQQ

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