Beta Technologies has issued bonds with a face value of $1,000 and a coupon of 6.5% paid
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Question:
Beta Technologies has issued bonds with a face value of $1,000 and a coupon of 6.5% paid quarterly. If these bonds are now trading at a price of 93%, what is the current yield on the bonds?
a) 6.5%
b) 7.5%
c) 8.0%
d) 7.0%
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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