Multiple Choice
Harry owns a bond with a par value of $1,500 and a coupon rate of 7 percent in the Cheryl Shipping Corporation. If the current market price of the bond is $1,000, then the current yield would be _____.
A) 5%
B) 10.5%
C) 7.5%
D) 9%
Correct Answer:
Verified
Correct Answer:
Verified
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