You purchased a bond 2 years ago for $985.43. Today the bond is priced at 794.27, and it matures in 6 years. The bond provides a 9% coupon and pays interest semi-annually. Assuming a par value of $1,000, what is the current yield on this bond?   Question 12 options:   12.46%   11.33%   10.88%   14.21%   10.31%

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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You purchased a bond 2 years ago for $985.43. Today the bond is priced at 794.27, and it matures in 6 years. The bond provides a 9% coupon and pays interest semi-annually. Assuming a par value of $1,000, what is the current yield on this bond?
 

Question 12 options:

 
12.46%
 
11.33%
 
10.88%
 
14.21%
 
10.31%
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