What is the current yield today on gms bond

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Question: GM issued a 15 year BBB bond one year ago at par of $100. The bond pays semi-annual coupons at an annual coupon rate of 2.5%. Since the bond was issued, yields on similar BBB bonds have increased by three percentage points. What is the current yield today on GM's bond? Write your answer to 2 decimal places without the percentage sign, e.g., write 5.75 for 5.75%.

Reference no: EM133379639

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