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
Question
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