Question
Please answer asap You are considering a corporate bond that pays interest semi-annually, has a par value of $1,000, matures in 8 years, and has
Please answer asap
You are considering a corporate bond that pays interest semi-annually, has a par value of $1,000, matures in 8 years, and has a YTM of 6%. If the bond's coupon rate is 7%, what is the current yield of the bond?
| A. | 6.59% | |
| B. | 6.47% | |
| C. | 3.18% | |
| D. | 3.29% |
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Options Futures And Other Derivatives
Authors: John C. Hull
8th Edition
0132164949, 9780132164948
