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Please show all work. 17. What's the current yield of a 4.8 percent coupon corporate bond purchased for $100 and three years to maturity quoted
Please show all work.
17. What's the current yield of a 4.8 percent coupon corporate bond purchased for $100 and three years to maturity quoted at a current market price of $98.24?
A. 4.13 percent
B. 5.44 percent
C. 4.89 percent
D. 5.12 percent
18. What's the future value of $600 deposited for one year earning an interest rate of 8 percent per year?
A. $636
B. $652
C. $664
D. $648
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