Multiple Choice
A corporate bond is quoted at a price of 98.625 with a 7.500 coupon.The bond pays interest semiannually.What is the current yield on one of these bonds?
A) 7.50%
B) 7.60%
C) 7.88%
D) 7.97%
E) 7.98%
Correct Answer:
Verified
Correct Answer:
Verified
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