Question
A bond that pays interest semiannually has a price of $981.45 and a semiannual coupon payment of $28.50. If the par value is $1,000, what
A bond that pays interest semiannually has a price of $981.45 and a semiannual coupon payment of $28.50. If the par value is $1,000, what is the current yield?
A. 5.81%
B. 2.90%
C. 2.85%
D. 5.70%
E. 5.52%
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
