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nennhinky8p5ierry nennhinky8p5ierry
  • 16-03-2017
  • Mathematics
Answered

A bond with an annual coupon rate of 4.8% sells for $970. what is the bond’s current yield?

Verified Answer :

Hagrid
Hagrid Hagrid
  • 26-03-2017

Given:

A bond with an annual coupon rate of 4.8%, bond value is $970. The bond's current yield can be calculated using this formula:

i = Fib

where i = bond yield
           F = $970
           ib = 4.8%
i = 970*(0.048)
i = $46.56

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