What is the current yield of a bond which carries a 7.5% coupon interest rate (or 0.075),
Fantastic news! We've Found the answer you've been seeking!
Question:
What is the current yield of a bond which carries a 7.5% coupon interest rate (or 0.075), has a face value (FV) of $1,000, has 17 years until maturity, if the current market price of the bond is $1,250?Also, what would be the yield to maturity (YTM) on this bond?
Current Yield =
yield to maturity=
Expert Answer:
Posted Date:
