Question
The 5 percent coupon, $1,000 face value bonds of Grand Canyon Inc. are currently selling at $880. These bonds have 6 years left until maturity.
The 5 percent coupon, $1,000 face value bonds of Grand Canyon Inc. are currently selling at $880. These bonds have 6 years left until maturity. What is the current yield?
7.16 percent
6.00 percent
5.68 percent
4.19 percent
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Bond Markets Analysis And Strategies
Authors: Frank J Fabozzi
8th Edition
013274354X, 9780132743549
