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by smallnamespace
2970 days ago
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The coupon (dividend) is 5.3% per year, and the bond repays in about 7 years, while trading at a 11% discount. As a first-order approximation, you can imagine that you are getting paid 5.3% + (11% / 7 years) = 6.87%. A slightly more accurate calculation shows that yield is actually closer to 7.36%. You can find the bond here: http://markets.businessinsider.com/bonds/tesla_incdl-notes_2... |
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