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Homework answers / question archive / If the annual coupon rate is 17 percent on a $1000 face value bond with market price equal to $ 1035

If the annual coupon rate is 17 percent on a $1000 face value bond with market price equal to $ 1035

Finance

If the annual coupon rate is 17 percent on a $1000 face value bond with market price equal to $ 1035 . Find current yield

   

18.98
   

16.68
   

14.93
   

16.43

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Current yield=annual coupon/market price of bond

annual coupon=coupon rate*face value=17%*1000=170

Current yield=170/1035=16.43%

Option D is correct

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