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Calculate the current yield of this debenture

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Reference no: EM133127443

Question - Charter Corporation bonds have 10 years remaining to maturity. The bonds have a face value of $1,000 and a yield to maturity of 9%. The coupon rate is 8% that is paid semiannually.

Required -

i. Calculate the selling price of this debenture.

ii. Calculate the current yield of this debenture.

Reference no: EM133127443

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