Question: please response all queston and show me how u did it- thank you A bond that pays interest semiannually has a price of $961.87 and

please response all queston and show me how u did it- thank you

please response all queston and show me how u did it- thankyou A bond that pays interest semiannually has a price of $961.87and a semiannual coupon payment of $29.25. If the par value is$1,000, what is the current yield? 0 5.85% o 3,04% 0 6,08%o 578% 0 2.93%image text in transcribed

A bond that pays interest semiannually has a price of $961.87 and a semiannual coupon payment of $29.25. If the par value is $1,000, what is the current yield? 0 5.85% o 3,04% 0 6,08% o 578% 0 2.93%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!