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

question 58

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 percent coupon rate when the bond is priced at $932.35?

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

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