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

Question

Quizplus · Accepted Answer

The Answer of 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

A $1,000 Face Value Bond Has a 7