Business, 06.08.2021 16:00 richardgibson2005
A coupon bond that pays interest of $60 annually has a par value of $1,000, matures in 5 years, and is selling today at a $75.25 discount from par value. The current yield on this bond is .
A. 6%
B. 6.49%
C. 6.73%
D. 7%
Answers: 3
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