13. If a 7% coupon bond is trading for $975.00, it has a current yield of ____________ percent.

A) 7.00

B) 6.53

C) 7.24

D) 7.18

14. If a 6% coupon bond is trading for $950.00, it has a current yield of ____________ percent.

A) 6.5

B) 6.3

C) 6.1

D) 6.0

E) 6.6

15. If an 8% coupon bond is trading for $1025.00, it has a current yield of ____________ percent.

A) 7.8

B) 8.7

C) 7.6

D) 7.9

E) 8.1

16. If a 7.5% coupon bond is trading for $1050.00, it has a current yield of ____________ percent.

A) 7.0

B) 7.4

C) 7.1

D) 6.9

E) 6.7