Answer: $960 current selling price of a discount bond with 12.50% current yield
As
Current yield = $120*100960 = 12.50%
at discount as quot price is $960 less than $1000
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Assume that a $1,000 bond paying 12.00% interest is quoted at 96. What is the current...
If a $1,000 bond is quoted at 96, what is the current selling price of this bond and what kind of bond is that? Cant determine due to lack of information $1,000 current selling price of a par bond $960 current selling price of a discount bond $960 current selling price of a premium bond
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