A corporate bond is quoted at a price of 98.625 with a 7.500 coupon. The...
70.2K
Verified Solution
Link Copied!
Question
Finance
A corporate bond is quoted at a price of 98.625 with a 7.500 coupon. The bond pays interest semiannually. What is the current yield on one of these bonds?
7.50%
7.60%
7.88%
7.97%
7.98%
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
