Find the Current Yield of a Bond Whose Coupon Rate

question 153

Multiple Choice

Find the current yield of a bond whose coupon rate is listed as 9.375% and currently selling at a premium of 100.875. (Round to the nearest tenth percent)

• A) 9.3%
• B) 9.4%
• C) 10.0%
• D) 10.1%

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