A bond is priced in the market at $1,170 and has a coupon of 10%. Calculate the bonds current yield
The bonds current yield is __% (Round to two decimal places)
Annual coupon=$1000*10%=$100
Hence current yield=Annual coupon/Current price
=(100/1170)
which is equal to
=8.55%(Approx).
A bond is priced in the market at $1,170 and has a coupon of 10%. Calculate...
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