What is the current yield for a 12-year 8% coupon bond with a par value of $1,000

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What is the current yield for a 12-year 8% coupon bond with a par value of $1,000 that is selling for $928.27? Round your answer to 4 decimal places. For example if your answer is 3.205%, then write down 0.0321.

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Posted Date: Feb 28, 2024 07:05 AM

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What is the current yield for a 12-year 8% coupon bond with a par value of $1,000

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To calculate the current yield for a bond we use the formula textCurrent Yield fracAnn... View the full answer

Fundamentals of Investing

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