Do-Well bonds have a face value of $1,000 and are currently quoted at 867.25. The bonds...
Do-Well bonds have a face value of $1,000 and are currently quoted at 867.25. The bonds have a semiannual coupon rate of 6.5 percent. What is the current yield (CY) on these bonds?
Homework Answers
| Face Value | 1,000 | |
| Semi-annual coupon rate | 6.50% | |
| Coupon amount | 65.00 | |
| Market Price | 867.25 | |
| Current Yield | 65*100/867.25 | |
| Current Yield | 7.49% | |
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