Question
A bond with a par value of $1,000.00 and a semiannual coupon has a nominal yield to maturity of 5.30% and a current price of
A bond with a par value of $1,000.00 and a semiannual coupon has a nominal yield to maturity of 5.30% and a current price of $920.00. If the bond has 6 years to maturity, what is its current yield?
| 4.23% |
| 4.34% |
| 0.00% |
| 4.18% |
| 4.05% |
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
