A bond has a par value of $1,000, a market price of $300, and a 9% coupon rate. It will mature in 5 years. What is the current yield of the bond?
A) 18.89%
B) 19.00%
C) 21.75%
D) 48.27%
E) 44.96%
Answer: D
Business
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A. Federal Trade Commission Act B. Sherman Act C. Robinson-Patman Act D. Clayton Act
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