Question
Perry Inc.'s bonds currently sell for $1,000. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is
Perry Inc.'s bonds currently sell for $1,000. They have a 6-year maturity, an annual coupon of $85, and a par value of $1,000. What is theircurrent yield?
Select the correct answer.
a. 9.80%b. 9.15%c. 10.45%d. 7.85%e. 8.50%
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds
11th Edition
1305262999, 1305262997, 035726164X, 978-1305262997
