Question
A coupon bond that pays interest of $62 annually has a par value of $1,000, matures in 5 years, and is selling today at $75.75
A coupon bond that pays interest of $62 annually has a par value of $1,000, matures in 5 years, and is selling today at $75.75 discount from par value. The current yield on this bond is ____.
A) 6.20%
B) 6.71%
C)8.08%
D) 6.61%
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
