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Enter question here...Refer the table below: Maturity Coupon Bid Price Asked Price Asked Yield, % 2012 May 15 1.375 101:05 101:06 0.78 2013 May 15
Enter question here...Refer the table below: Maturity Coupon Bid Price Asked Price Asked Yield, % 2012 May 15 1.375 101:05 101:06 0.78 2013 May 15 3.625 106:31 107:01 1.23 2014 May 15 4.75 111:22 111:23 1.70 2020 May 15 8.75 144:17 144:19 3.44 2025 Aug 15 6.875 133:07 133:11 3.94 2030 May 15 6.25 128:25 128:27 4.12 2040 May 15 4.375 100:28 100:29 4.32 -------------------------------------------------------------------------------- What is the current yield of the 4.375% 2040 maturity bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current yield %
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