Suppose you are considering investing in a $1,000 par value, 4 year, 5% annual coupon rate bond, but pays monthly instal
Posted: Wed Jul 06, 2022 6:27 pm
Suppose you are considering investing in a $1,000 par value, 4 year, 5% annual coupon rate bond, but pays monthly installment. If the current market price of the bond is $914, what is the current yield of the bond? (Round your answer to two decimal point)