Question
Question 11 A $1,000 face value bond is currently quoted at 103:16. The bond pays semiannual payments of $30.00 each and matures in 5 years.
Question 11
A $1,000 face value bond is currently quoted at 103:16. The bond pays semiannual payments of $30.00 each and matures in 5 years. What is the coupon rate? What is the current yield?
Group of answer choices
Coupon rate is 5.70 percent; Current yield is 6.10 percent
Coupon rate is 5.80 percent; Current yield is 6.00 percent
Coupon rate is 5.90 percent; Current yield is 5.90 percent
Coupon rate is 6.00 percent; Current yield is 5.80 percent
Coupon rate is 6.10 percent; Current yield is 5.70 percent
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
