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Answer:
<em>Here</em><em> </em><em>is</em><em> </em><em>your </em><em>answer</em><em>.</em><em> </em><em>Hope</em><em> </em><em>this</em><em> </em><em>helps</em><em> </em><em>you</em><em>!</em>
Answer:
current yield of bond = 5.90%
The coupon rate = 6.00%
Explanation:
Given :
Years to maturity = 3.5 years
Face value = 1000
Bond selling price = $1016.36
Yield to maturity = 5.48% with interest compounded semiannually
Using a financial calculator :
The current yield of bond = 5.90%
The coupon rate = 6.00%
