Question: answer asap Durrant, Harris & Taylor Ltd. issued a 20 year, 12% coupon bond with a 1000 par value that pays coupons semi-annually. The bond

answer asap Durrant, Harris & Taylor Ltd. issued a 20 year,

answer asap

Durrant, Harris & Taylor Ltd. issued a 20 year, 12% coupon bond with a 1000 par value that pays coupons semi-annually. The bond was issued exactly ten years ago. The bond's YTM is 20%. What is the bond's current yield (Give your answer as a percentage to 2dp i.e Xx.xx%) (2 marks)

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