The following is a T-bond quote (par value $1,000) from the WSJ (8/31/2018). Use the information in
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The following is a T-bond quote (par value $1,000) from the WSJ (8/31/2018). Use the information in the quote to answer the question.
Maturity | Coupon | Bid | Asked | Chg | Asked Yield |
8/31/2,022 | 4.31 | 108:15 | 108:20 | -14 |
What is the current yield on this bond? (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16). Use a negative sign to represent a discount.)
Related Book For
Essentials Of Corporate Finance
ISBN: 9780073382463
7th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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