The Bond of Tuckpeck Is 8¼ 14

question 78

Multiple Choice

The bond of Tuckpeck is 8¼ 14. The bond traded for a high of 93.25 and closed at 93. The current yield of the bond to the nearest tenth of a percent is:

• A)8.8%
• B)8.7%
• C)8.9%
• D)8.6%
• E)None of these

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