An investor pays $989.40 for a bond. The bond has an annual coupon rate of 4.8%. What is the current yield on this bond?
A) 4.80%
B) 4.85%
C) 9.60%
D) 9.70%
Answer: B
An investor pays $989.40 for a bond. The bond has an annual coupon rate of 4.8%. What is the current yield on this bond?
A) 4.80%
B) 4.85%
C) 9.60%
D) 9.70%
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.