Question
A ten year junk bond has a market price of $1100. This bond also pays a coupon of $17.50 quarterly, what is the current yield?
A ten year junk bond has a market price of $1100. This bond also pays a coupon of $17.50 quarterly, what is the current yield?
3.5%
1.75%
6.36%
7.5%
7.0%
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Get StartedRecommended Textbook for
International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
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