What is the current yield on a $1,000 face value bond that matures in 14 years, has an annual coupon rate of 11%, and currently sells at 93.3% of par?
| Bond price = $1000*93.3% | |||
| =$933 | |||
| Annual coupoun amounr =$1000*11% | |||
| =$110 | |||
| Current Yield = Coupon amount / bond price | |||
| =110/933 | |||
| =11.79% | |||
What is the current yield on a $1,000 face value bond that matures in 14 years,...
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