Hi experts, this is my second's questions, please help As the condition, the bonds issued...
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Hi experts, this is my second's questions, please help
As the condition, the bonds issued by Newland Company have a par value of $2000, were priced at $1952 one year ago, and are priced at $1939 today. The bonds pay annual coupons and just made a coupon payment. If the bonds had a percentage return over the past year (from 1 year ago to today) of 12.4%, then what is the current yield of the bonds today?
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