LightStar. Inc. bonds have a par value of $1,000, 15 years to maturity, and a...
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LightStar. Inc. bonds have a par value of $1,000, 15 years to maturity, and a coupon rate of 11%. Investors required return on the bonds is now 9%. Compute the current yield of this bond.
A) a.73%
B) 9.46%
C) 11%
D) 9.9%
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