Calculate the Annual Interest and Current Yield for the Bond

question 152

Short Answer

Calculate the annual interest and current yield for the bond, rounding decimals to hundredths and percents to the nearest tenth. $$\begin{array} { l l l l l } & \text { Coupon } & \text { Annual } & \text { Market } & \text { Current } \\\text { Company } & \underline { \text { Rate } } & \underline { \text { Interest } } & \underline { \text { Price } } & \text { Yield } \\ \text { Pillar Inc. } & 6.75 & & 90.50 &\end{array}$$

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