A bond selling for $1,000 and earning interest of $45 would have a current yield of ?

Question:

A bond selling for $1,000 and earning interest of $45 would have a current yield of ? percent.

a. 10

b. 45

c. 4.5

d. 40.5

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Finance

ISBN: 9780357532348

1st Edition

Authors: Les Dlabay, James L. Burrow

Question Posted: