Question
Assume that today's date is April 15, 2015. Fresh Bakery Inc. bond is an annual-coupon bond. Par value of the bond is $5,000. Calculate current
Assume that today's date is April 15, 2015. Fresh Bakery Inc. bond is an annual-coupon bond. Par value of the bond is $5,000.
Calculate current yield on the bond.
The answer should be calculated to two decimal places
| Company | Price | Coupon Rate | Maturity Date | YTM | Current Yield | Rating |
| Fresh Bakery | 88.477 | 6.485 | 04-15- 2021 | ? | AA |
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
9781260571127
