Solved

A $1,000 Face Value Bond Has a 6

Question 52

Multiple Choice

A $1,000 face value bond has a 6.35 percent semi-annual coupon and sells for $960.00. What is the current yield?

A) 6.75%
B) 6.82%
C) 6.89%
D) 6.99%
E) 6.61%

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