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A 20-year, $1,000 par value, 10% semiannual coupon bond with a modified duration of 17.4 is currently priced at $1,100. The bonds current yield is
A 20-year, $1,000 par value, 10% semiannual coupon bond with a modified duration of 17.4 is currently priced at $1,100.
The bonds current yield is closest to:
| A | 4.46%. |
| B | 8.91%. |
| C | 9.09%. |
| D | 18.18%. |
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