Question: PLEASE HELP, ILL RATE AND COMMENT U Question 8 1 pts An investor pays $1,133 for a bond. The bond has a Face Value of
PLEASE HELP, ILL RATE AND COMMENT
U Question 8 1 pts An investor pays $1,133 for a bond. The bond has a Face Value of $1,000.00 and an annual coupon rate of 6%. What is the current yield on this bond? Please express the result as percentage (i.e. 5.21 and not 0.0521) and do not include the % symbol. Please round to the nearest two decimals
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