1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Maru [420]
3 years ago
6

A bond with a par value of $1,000 and an annual coupon has a yield to maturity of 5.60% and a current price of $975. If the bond

has 18 years to maturity, what is its current yield?
Business
1 answer:
gtnhenbr [62]3 years ago
8 0

Answer:

Current Yield is 5.74%

Explanation:

Current yield is the ratio of coupon payment of a bond to its current market price.  It is calculated by using coupon payment and the current market value of the bond.

Coupon Payment = $1,000 x 5.6% = $56

Current market price = $975

Formula for Current yield is as follow

Current Yield = Annual Coupon Payment / Current Market Price

Current Yield = $56 / $975

Current Yield = 0.0574% = 5.74%

You might be interested in
SAT scores generally fall _____ points above or below a student's true ability.
qwelly [4]
The correct answer for this question is this one: "D.30 to 40." SAT scores generally fall 30 to 40 points above or below a student's true ability. SAT <span>is a standardized test widely used for college admissions in the United States. </span>
7 0
3 years ago
Read 2 more answers
Which of the following is defined as an unplanned event that results in damage to property? Hazard, injury, accident, violation
Zina [86]

Answer:

violation/accident.

Explanation:

Its violation because its a violation to the property, but you also can use accident because it mean a situation not done on purpose or  something unexpected which will cause damage or injury.

4 0
3 years ago
Sophie Bennett has met the deductible for her doctor's visits. However, her insurance company requires her to pay 20% of all exp
aliina [53]
The correct answer is:  [C]:  "coinsurance" .
___________________________________________________
4 0
3 years ago
Monica is interested in changing careers, and she needs to find a job Web site that lists careers from all industries. What type
____ [38]
Depending on her area and expertise i would recommend a state website or a government approved agency 
4 0
3 years ago
Read 2 more answers
A representative meets a potential client at a convention. The client is interested in an investment giving life-long income, an
Gwar [14]

Answer:

The representative should talk to the manager to determine if there was a Know Your Customer violation

Explanation:

5 0
2 years ago
Other questions:
  • A high/low pricing strategy relies on the promotion of sales. True or False
    12·1 answer
  • What is a homestead exemption?
    5·1 answer
  • Rent and maintenance expenses would most likely be allocated based on: Select one: a. Sales volume by department. b. Square feet
    15·1 answer
  • Jill and Brian divided up $1900 between two investment accounts. Jill's account earns 4% interest and Brian earns 3%. If their c
    14·1 answer
  • Wanda is the project manager of her organization and is creating a checklist for her project team. She is working on the XYZ pro
    5·1 answer
  • Units to Earn Target Income Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Unit variable
    15·1 answer
  • Seemore Lens Company (SLC) sells contact lenses FOB destination. For the year ended December 31, the company reported Inventory
    15·1 answer
  • Which of the following are properties of a savings account? Select all that apply.
    11·2 answers
  • Tom Lewis, an individual taxpayer, performs services for the Red Cross at an out-of-town location for three weekends during the
    9·1 answer
  • Hailey bought her house in 2015 for $350,000. Since then, she has deducted $55,000 in depreciation associated with her home offi
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!