A bond that pays interest semiannually has a price of $981 45 and a semiannual coupon payment of $28 50 If the

Question

A bond that pays interest semiannually has a price of $981.45 and a semiannual coupon payment of $28.50. If the

par value is $1,000, what is the current yield?

A. 5.81%

B. 2.90%

C. 2.85%

D. 5.70%

E. 5.52%

Finance