Bond paid interest semiannually-what would be current yield

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Reference no: EM131967637

Apple has a bond outstanding with an annual coupon rate of 3.8% and a face value of $1,000. The bond matures in 10 years. It currently trades at $907.34.

1. What is the current yield?

2. If the same bond paid interest semiannually, what would be its current yield?

Reference no: EM131967637

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