Question
The current market value of a U.S. Treasury bond is $1,012. If the bond has a face value of $1,090 and a coupon rate of
The current market value of a U.S. Treasury bond is $1,012. If the bond has a face value of $1,090 and a coupon rate of 5.20%, calculate the current yield of the bond.
5.97%%
6.11%%
5.51%%
5.60%%
None of the above.
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
