Which of the purchases is more likely to be paid for with a credit card?
2 answers:
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Answer :
2.5%
Step by Step Explanation:
Face value = $500
Coupon yield = 2%
Income earned on he bond each year is at the rate of 2%.
Annual coupon = $10
Current bond price = $400
Formula for current yield =
= ×100
= 2.5%
Hence, the current yield is 2.5%