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– Nelson Mandela

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Homework 4A

Homework 4A

Q 1.For a bond selling for $747, with a par value of $1,000 and a coupon rate of 16.05 percent, the current yield is _____. Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) 2.You paid $1,154 for a corporate bond that has a 12.21 percent coupon rate. What is the bond’s current yield? Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) 3.A $1,000 par value bond with a 7.52 percent coupon rate, currently selling for $995, has a current yield of _____. Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

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1. 21.49 % 2. 10.58 %