Miranda Marquit has been covering personal finance, investing and business topics for almost 15 years. She has contributed to numerous outlets, including NPR, Marketwatch, U.S. News & World Report ...

Meanwhile, the yield of a perpetual bond is determined using the following formula: Yield = Annual Coupon Payment / Current Market Price of the Bond ...

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Perpetual bonds have no maturity date, allowing them to pay interest indefinitely, making them appealing for long-term income. They come in different types, such as government and corporate bonds ...