A bond with an annual coupon rate of 4.8% sells for $970. what is the bond’s current yield?
1 answer:
Given:
A bond with an annual coupon rate of 4.8%, bond value is $970. The bond's current yield can be calculated using this formula:
i = F<em>i</em><em>b
</em><em>
</em>where i = bond <em />yield<em>
</em>F = $970
<em>ib </em>= 4.8%
i = 970*(0.048)
i = $46.56
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Answer:
I dont know sorry!! I would help though
Step-by-step explanation:
1000x2 = 2000
1000/2 = 500
2000 initial investment
2500 total after all is said and done
equals a $500 total return on the two investments
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Answer: here u go ig
Step-by-step explanation:
