Multiple Choice
Paul Oldy just purchased a $2,000 face value bond with. The bond pays $45 in interest semiannually. Paul could sell the bond today for $2,050. The current yield on this bond is __________ percent.
A) 2.25
B) 2.20
C) 4.50
D) 4.39
Correct Answer:
Verified
Correct Answer:
Verified
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