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A $1000, 7.5% coupon bond with 15 years to maturity has a current market value of $921.00. The bond pays interest semiannually. What is the
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A $1000, 7.5% coupon bond with 15 years to maturity has a current market value of $921.00. The bond pays interest semiannually. What is the current yield?
A. 3.25%
B. 7.5%
C. 8.14%
D. 7.94%
E. 8.44%
A $1000, 7.5% coupon bond with 15 years to maturity has a current market value of $921.00. The bond pays interest semiannually. What is the current yield?
| A. | 3.25% | |
| B. | 7.5% | |
| C. | 8.14% | |
| D. | 7.94% | |
| E. | 8.44% |
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