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A bond with Tk.1,000 par value and 8 percent annual interest (coupon) rate will mature in 6 years. The bond is selling for Tk.940. Calculate

A bond with Tk.1,000 par value and 8 percent annual interest (coupon) rate will mature in 6 years. The bond is selling for Tk.940. Calculate the current yield on the bond. A bond with Tk.1,000 par value and 8 percent annual interest (coupon) rate will mature in 6 years. The bond is selling for Tk.940. Calculate the current yield on the bond.

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