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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 . Find current yield
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18.98 |
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16.68 |
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14.93 |
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|
16.43 |
Expert Solution
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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