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Category > Business & Finance Posted 13 Jun 2017 My Price 3.00

Pelzer Printing Inc. has bonds outstanding with 9 years left to maturity

Pelzer Printing Inc. has bonds outstanding with 9 years left to maturity. The bonds have an 9% annual coupon rate and were issued 1 year ago at their par value of $1,000. However, due to changes in interest rates, the bond's market price has fallen to $905.35. The capital gains yield last year was -9.465%. For the coming year, what is the expected current yield? Do not round intermediate calculations. Round your answer to two decimal places.
 
 

 

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Alpha Geek
(8)
Status NEW Posted 13 Jun 2017 07:06 AM My Price 3.00

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file 1497338042-Answer.docx preview (106 words )
P-----------elz-----------er -----------Pri-----------nti-----------ng -----------Inc-----------. h-----------as -----------bon-----------ds -----------out-----------sta-----------ndi-----------ng -----------wit-----------h 9----------- ye-----------ars----------- le-----------ft -----------to -----------mat-----------uri-----------ty.----------- Th-----------e b-----------ond-----------s h-----------ave----------- an----------- 9%----------- an-----------nua-----------l c-----------oup-----------on -----------rat-----------e a-----------nd -----------wer-----------e i-----------ssu-----------ed -----------1 y-----------ear----------- ag-----------o a-----------t t-----------hei-----------r p-----------ar -----------val-----------ue -----------of -----------$1,-----------000-----------. H-----------owe-----------ver-----------, d-----------ue -----------to -----------cha-----------nge-----------s i-----------n i-----------nte-----------res-----------t r-----------ate-----------s, -----------the----------- bo-----------nd'-----------s m-----------ark-----------et -----------pri-----------ce -----------has----------- fa-----------lle-----------n t-----------o $-----------905-----------.35-----------. T-----------he -----------cap-----------ita-----------l g-----------ain-----------s y-----------iel-----------d l-----------ast----------- ye-----------ar -----------was----------- -9-----------.46-----------5%.----------- Fo-----------r t-----------he -----------com-----------ing----------- ye-----------ar,----------- wh-----------at -----------is -----------the----------- ex-----------pec-----------ted----------- cu-----------rre-----------nt -----------yie-----------ld?----------- Do----------- no-----------t r-----------oun-----------d i-----------nte-----------rme-----------dia-----------te -----------cal-----------cul-----------ati-----------ons-----------. R-----------oun-----------d y-----------our----------- an-----------swe-----------r t-----------o t-----------wo
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