Consolidated Industries 7% bonds pay interest semiannually. The bonds sell for $899 and have a par value of $1,000. If these bonds mature in 41 years, what is is the current yield on this bond?   Question 4 options:   7.83%   9.19%   8.57%   7.79%   7.47%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Consolidated Industries 7% bonds pay interest semiannually. The bonds sell for $899 and have a par value of $1,000. If these bonds mature in 41 years, what is is the current yield on this bond?
 

Question 4 options:

 
7.83%
 
9.19%
 
8.57%
 
7.79%
 
7.47%
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