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You purchased a bond 2 years ago for $885.00. Today the bond is priced at 714.00, and it matures in 30 years. The bond provides
You purchased a bond 2 years ago for $885.00. Today the bond is priced at 714.00, and it matures in 30 years. The bond provides a 5.25% coupon and pays interest semi-annually. Assuming a par value of $1,000, what is the current yield on this bond? 8.68% 7.71% 8.09% 8.38% 7.35%
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