Taylor Bros

question 66

Multiple Choice

Taylor Bros.bonds have a face value of $5,000,a current market price of $5,248.50,and a coupon rate of 5.3 percent,compounded semiannually.What is the current yield on these bonds?

• A)5.38%
• B)5.05%
• C)5.17%
• D)5.30%
• E)5.41%

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