Find the current yield of a bond whose coupon rate is listed as 5.875% and currently selling at a discount of 92.375. (Round to the nearest tenth percent) 1% 6% 3% 4%
Find the current yield of a bond whose coupon rate is listed as 5.875% and currently selling at a discount of 92.375. (Round to the nearest tenth percent) 1% 6% 3% 4%
Chapter6: Bonds (debt) - Characteristics And Valuation
Section: Chapter Questions
Problem 10PROB
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- Find the current yield of a bond whose coupon rate is listed as 5.875% and currently selling at a discount of 92.375. (Round to the nearest tenth percent)
- 1%
- 6%
- 3%
- 4%
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