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Bonds issued by Mindys Mending have a par value of $1000, were priced at $1,220.00 six months ago, and are priced at $1,140.00 today. The
Bonds issued by Mindys Mending have a par value of $1000, were priced at $1,220.00 six months ago, and are priced at $1,140.00 today. The bonds pay semi-annual coupons and just made a coupon payment. If the bonds had a percentage return over the past 6 months (from 6 months ago to today) of -1.20%, then what is the current yield of the bonds today?
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