What is the current yield on the bond

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Problem - A bond with a face value of $1,000 has 12 years until maturity. has a coupon rate of 5.4%, and sells for $1,087.

a. What is the current yield on the bond?

b. What is the yield to maturity if interest is paid once a year?

c. What is the yield to maturity if interest is paid semiannually?

Reference no: EM133027947

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