Answered: What's the current yield of a 5.2…

What's the current yield of a 5.2 percent coupon corporate bond quoted at a price of 96.78? (Round your answer to 2 decimal places.) Current yield %

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter4: Bond Valuation

Section: Chapter Questions

Problem 4MC

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What's the current yield of a 5.2 percent coupon corporate bond quoted at a price of 96.78? (Round your answer to 2 decimal
places.)
Current yield
%

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