Divide by two to approach bond convention

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Reference no: EM13950290

A bond trading at $982 has a current yield of 7.38%. What is the coupon percent (annual - no need to divide by two to approach bond convention)? (Answer as current yield above without the percent sign)

Reference no: EM13950290

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Divide by two to approach bond convention : A bond trading at $982 has a current yield of 7.38%. What is the coupon percent (annual - no need to divide by two to approach bond convention)?

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