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Homework answers / question archive / An Alpha bond has 2 years until maturity, carries a coupon rate of 5%, and sells for $1,022

An Alpha bond has 2 years until maturity, carries a coupon rate of 5%, and sells for $1,022

Finance

An Alpha bond has 2 years until maturity, carries a coupon rate of 5%, and sells for $1,022. The face value is $1,000. What is the current yield on the bond?

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