Mathematics, 07.05.2021 06:20 890777
Determine the current yield (to the nearest tenth of a percent) of a bond with par value of $1,000 if the quoted price is 78 1/2 and the rate is 8 1/4.
Select one:
a. 10.5%
b. 11.6%
c. 9.9%
Answers: 3
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Determine the current yield (to the nearest tenth of a percent) of a bond with par value of $1,000 i...
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