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Business, 14.08.2021 14:00 2023brewerantonio

Lumanat Inc. issued a semi-annual corporate bond with a 14% coupon interest rate, matures in 10 years and has a current market value of $600. The bond has a face value of $1000 and is callable in 2 years at $1050. What is the exact current annual yield for this bond?

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Lumanat Inc. issued a semi-annual corporate bond with a 14% coupon interest rate, matures in 10 year...
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