Question
1 The Dutch East India Company's bonds offer an annual seven percent coupon, and currently sell for 1,112. These bonds will make semiannual coupon payments
1 The Dutch East India Company's bonds offer an annual seven percent coupon, and currently sell for 1,112. These bonds will make semiannual coupon payments for 10 more years until they reach maturity. The going market interest rate of yield to maturity (YT) is 6.5271 percent. What is the bonds Current Yield (CY)?
15 percent
3.15 percent
4.75 percent
6.29 percent
6.25 percent
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Fundamentals Of Corporate Finance
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
6th Edition
0072553073, 9780072553079
