Outstanding bond issue

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dillon inc has outstanding a bond issue that will mature to its 1000 par value in 15 years the bond has a coupon interest rate of 10% and pays interest annually. The required rate for this bond is 8%. what is the current yield of this bond... show your work please

Reference no: EM131356832

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Outstanding bond issue : dillon inc has outstanding a bond issue that will mature to its 1000 par value in 15 years the bond has a coupon interest rate of 10% and pays interest annually. The required rate for this bond is 8%. what is the current yield of this bond...
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