A corporate bond is quoted at a price of 98.96 and has a coupon rate of...

Question

Question

A corporate bond is quoted at a price of 98.96 and has a coupon rate of 4.7 percent, paid annually. What is the current yield?

5.36 percent

4.75 percent

4.85 percent

4.24 percent

5.62 percent

Answer 1

Answer #1

Po 98 96 =4,749397. 100(Assum) -4.3% face valuw ntesest is grt

Answer 2

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