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Broke Benjamin Co. has a bond outstanding with a coupon rate of 5.41 percent paid semiannually and sells for $1,936.98. The bonds have a par
Broke Benjamin Co. has a bond outstanding with a coupon rate of 5.41 percent paid semiannually and sells for $1,936.98. The bonds have a par value of $2,000 and 17 years to maturity. What is the current yield for these bonds?
Multiple Choice
6.05%
5.31%
5.59%
2.79%
5.41%
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