imimperious128 imimperious128
  • 10-11-2020
  • Business
contestada

What is the current yield of a bond with a 6% coupon, 4 years until maturity, and a price quote of 84

Respuesta :

abiolataiwo2015
abiolataiwo2015 abiolataiwo2015
  • 11-11-2020

Answer:

7.14%

Explanation:

Calculation for the current yield of a bond

Current yield = (6%×$1,000) / (0.84 × $1,000)

Current yield = $60 / (0.84 × $1,000)

Current yield = $60 / $840

Current yield = 0.0714*100

Current yield =7.14%

Therefore the Current yield will be 7.14%

Answer Link

Otras preguntas

What is a equivalent fraction for 2/8
Which group took over the Russian government in 1917?
What is the slope of the graph of 6x + 12y = 7?
what are the letters of ternary form?
what were the benefits of going on a crusade ?
what river flows across the entire state of alaska?
what were the benefits of going on a crusade ?
what two ways is penance celebrated
The base of a box holds 18 cubes. The height of the box is 3 in. What is the volume of the box?
What are some of the elements that make up infrastructure?