Question
What is the current yield of a bond with a 4% coupon rate coupon paying interest annually, 4 years until maturity, a face value of
What is the current yield of a bond with a 4% coupon rate coupon paying interest annually, 4 years until maturity, a face value of $1,000, and a current price of $1,088? (answer in PERCENT with at least two decimal places, e.g. "3.02" is 3.02%)
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Other Peoples Money
Authors: John Kay
1st Edition
1610397150, 978-1610397155
