What Is the Current Yield of a Four-Year Semi-Annual Pay

question 72

Multiple Choice

What is the current yield of a four-year semi-annual pay bond with a par value of $1,000 and a 4% coupon rate when the bond is currently priced at $932.35?

• A)4.29%
• B)4.00%
• C)5.95%
• D)2.14%

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