Multiple Choice
A $1,000 face value bond has a 7.85 percent semi-annual coupon and sells for $982.50. What is the current yield?
A) 7.75 percent
B) 7.82 percent
C) 7.89 percent
D) 7.99 percent
E) 7.61 percent
Correct Answer:
Verified
Correct Answer:
Verified
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