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ABC Corp's outstanding bonds have a $1,000 par value, and they mature in 5 years. Their yield-to-maturity is 9%, based on semi-annual compounding, and the
ABC Corp's outstanding bonds have a $1,000 par value, and they mature in 5 years. Their yield-to-maturity is 9%, based on semi-annual compounding, and the current market price is $853.61. The bond's annual payment is $53. What is the bond's current yield?
a.) 3.11%
b.) 6.22%
c.) 3.02%
d.) 6.04%
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