Multiple Choice
D'Angelo's bonds have a face value of $1,000 and a current market price of $1065.The bonds have a 7% coupon rate.What is the current yield on these bonds?
A) 6.43%
B) 6.57%
C) 6.84%
D) 7.03%
E) 7.07%
Correct Answer:
Verified
Correct Answer:
Verified
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