What is the current yield of a bond with a 7% coupon, 3 years until maturity, and a price of $690?
a. 16.84%
b. 10.14%
c. 14.00%
d. 7.00%
Ans: b. 10.14%
Business
You might also like to view...
The process by which the government exercises its power to take private lands for public use is
A) condemnation B) escheat C) foreclosure D) eminent domain
Business
Good public relations can often build trust in an organization, even when reality is destroying it
Indicate whether the statement is true or false
Business