$22$ of $85$

The cumrent yield on a municipal bond with a coupon rate of $4\mathrm{.}50\%,$ purchased at par and currently trading at $$1,055,$ is:

A $4\mathrm{.}15\%$

$4\mathrm{.}26\%$

$4\mathrm{.}46\%$

$450\%$

INCORRECT ANSWER CHOSEN

The current yield is found by dividing the yearly interest payment of $$45$ by the market price of $$1,055.$ This equals $4\mathrm{.}26\%.$ The fact that the bond was purchas $(73540)$

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