What is the current yield of a bond with 12 years to maturity, face value of $1,000, a yield to maturity of 10 20 , and 10 60 coupon rate paid annually Hint Calculate price first 0 4 59 06 11 10 32 16 91 8 98

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What is the current yield of a bond with 12 years to maturity, face value of $1,000, a yield to maturity of 10 20 , and 10 60  coupon rate paid annually  Hint Calculate price first 0 4 59  06 11  10 32    16 91  8 98

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Question

What is the current yield of a bond with 12 years to maturity, face value of $1,000, a yield to maturity of 10 20%, and

What is the current yield of a bond with 12 years to maturity, face value of $1,000, a yield to maturity of 10 20%, and 10.60% coupon rate paid annually? Hint Calculate price first 0 4.59% 06.11% 10.32% @ 16.91% 8.98%

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