Business, 17.03.2020 06:25 Rodny1047

Ace Products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 7.4% with semiannual payments of $37, and a par value of $1,000. The price of each bond in the issue is $1,200.00. The bond issue is callable in 5 years at a call price of $1,074.

What is the bond's current yield? Round your answer to two decimal places. Do not round intermediate calculations.

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Ace Products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 7.4%...

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