A bond has a 1-% coupon rate, a par value of $1000, and a market price of $800. - 4424

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Request Description

A bond has a 1-% coupon rate, a par value of $1000, and a market price of $800. What is the current yield of this bond? 

a. 10% 

b. 11.4% 

c. 12.2% 

d. 12.5% 

 
Solution Description

A bond has a 1-% coupon r