a bond currently trades at $1044 on the secondary market. the bond has 5 years until maturity and pays an annual coupon

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

a bond currently trades at $1044 on the secondary market. the bond has 5 years until maturity and pays an annual coupon

Post by answerhappygod »

a bond currently trades at $1044 on the secondary market. the
bond has 5 years until maturity and pays an annual coupon at 7% of
face value. the face value of the bond is $1000. what is the coupon
( or current) yield for this bond (enter you answers as decimal
places rounded to four decimals)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”