Suppose that you purchased a Baa rated $1000 annual coupon bond with a 9.4 %...
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Accounting
Suppose that you purchased a Baa rated $1000 annual coupon bond with a 9.4 % coupon rate and a 4-year maturity at 7 % above par value. What would the current yield (in %) be at the time of purchase (4 digits)?
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