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Assume that a $1,000 bond paying 12.00% interest is quoted at 96. What is the current selling price of the bond in dollars? Determine the

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Assume that a $1,000 bond paying 12.00% interest is quoted at 96. What is the current selling price of the bond in dollars? Determine the type of this bond? and What is the current yield of this bond? $960 current selling price of a discount bond with 12.50% current yield $1,960 current selling price of a discount bond with 12.00% current yield $960 current selling price of a par bond with 12.50% current yield $960 current selling price of a premium bond with 12.50% current yield

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