4. The Broomfield Bricklayers has a bond issue outstanding with an annual coupon rate of...
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4. The Broomfield Bricklayers has a bond issue outstanding with an annual coupon rate of 9%. The par value of the bond is $1,000. Calculate the current yield of the bond if the bond's current price was $974. Refer to Problem 4. If the sale price of this bond was $1,103 a year later, what is the capital gains yield? 5
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