Lackawanna Sewer Authority bonds have a face value of $1,000 and are currently quoted at 101.8. The bonds have a 5 percent coupon rate. What is the current yield on these bonds?
Lackawanna Sewer Authority bonds have a face value of $1,000 and are currently quoted at 101.8. The bonds have
a 5 percent coupon rate. What is the current yield on these bonds?
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