Multiple Choice
Quincy Ritter pays $1,100 for a bond with a face value of $1,000. The coupon rate is 10 percent, and payments are made annually. The current yield is equal to
A) 9.5 percent.
B) 9.1 percent.
C) 10 percent.
D) 11.1 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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