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Question 14 (2 points) If Bernath Trade, Inc. has $1,000 face value bonds outstanding with a market price of $1.275.30. The bonds pay interest semi-annually,
Question 14 (2 points) If Bernath Trade, Inc. has $1,000 face value bonds outstanding with a market price of $1.275.30. The bonds pay interest semi-annually, mature in 15 years, and have a yield to maturity of 12%. What is the current yield? 1) 12.55% 2) 9.36% 3) 10.54% 4) 9.57% 5) 11.98%
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