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The current yield for an investment can be defined in many ways. Here is a formula for the current yield of a bond. Current yield

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The current yield for an investment can be defined in many ways. Here is a formula for the current yield of a bond. Current yield coupon rate x 10o market price Find the current yield of the following bond using the information in the table. (Round your answer to two decimal places.) The Dow Chemical bond Order Ratings oty Min TickerDescription Coupon Maturity Y/TM Price Buy Baa3/BB 100 GM General Mtrs Corp 7.200 01-152011 9.25491.242 370442BBO Global Nt Make-Whole Buy A3VA- 100 DOW Dow Chem Co 6.125 02-01-2011 4.257 109.195 2605438L6 Nt Non-Callable Buy Baa3/BBB 100 TYC Tyco Intl Group SA 6.70201 440111.564 902118AY4 Nt Make-Whole Buy A1/AA 100 ABT Abbott Labs 3.750 03-15-2011 4.14598.005 002824APS Nt Make-Whole Buy Aa3/A100 5.750 0315-2011 4.120 108.209 KO Coca Cola Co 191216AH3 Nt Make-Whole Buy Baa1/B88+ 100 6.600 04-01-2011 4.359 111.285 Kellogg Co 487836AS7 Nt Make-Whole

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