Jaeger, Inc. bonds have a $6\mathrm{.}45\%$ coupon rate with semiannual coupon payments. They have $16$ years to maturity and a par value of $$1,000.$ What is the current yield of the bond if the bond is selling at a market price of $$873\mathrm{.}73?$  answer as a percentage and round to two decimal places.

Answer rating: 100% (QA)

Given Couponrate semiannual 645 Coupon payments 2 semiannual Maturity 16 years Par valu... View the full answer