A bond with an annual coupon rate of 5.1% sells for $985. What
is the bond’s current yield? (Round your answer to 2
decimal places.)
Annual coupon=1000*5.1%=$51
Hence current yield=Annual coupon/Current price
=51/985
which is equal to
=5.18%(Approx).
A bond with an annual coupon rate of 5.1% sells for $985. What is the bond’s...
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