Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

what's the current yield of a 5.00 percent coupon corporate bond quoted at a price of 102.58?
​

Sagot :

jacey928282929
I could be wrong but how I would answer is 5/100 and x/102.58 then cross multiply ? Which would be 102.58 x 5 = 512.9 and divided by 100 equals 5.129. Not sure but that’s how I would solve it.
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.