G Corporation has a bond outstanding. It has a coupon rate of 8 percent and a $1000

Question:

G Corporation has a bond outstanding. It has a coupon rate of 8 percent and a $1000 par value. The bond has 9 years left to maturity. The bond is selling for $770 what is the current yield on this bond?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...