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Category > Business & Finance Posted 31 May 2017 My Price 11.00

Determine the current

Determine the current yield on a corporate bond investment that has a face value of $1000, pays 6 percent interest, and has a current price of $820. (Obj. 6) (p. 377)

 

The current yield is 7.3%.

6% = 0.06

Face value x Interest rate = Amount of annual interest

$1,000 face value x 0.06 = $60.

Annual interest amount¸ Current market value = Current yield

$60 ¸ $820 = 0.073 = 7.3%

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Status NEW Posted 31 May 2017 04:05 AM My Price 11.00

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