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2 years ago

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A coupon bond that pays interest of $90 annually has a par value of $1,000, matures in 5 years, and is selling today at a $15 ab

ove par value. The current yield on this bond is _________.
A. 3.53%
B. 8.87%
C. 5.98%
D. 9.15%

1 answer:

Digiron [165]2 years ago

5 0

The answer would be A

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Answer:

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2 years ago

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The intent of the parties is to be bound by the contract.

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1 year ago

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Answer and Explanation:

The computation is shown below;

But before reaching to the final answers, first do the following calculations

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less Services performed in 2016(collected in 2017) $25000

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Add Expense incurred not yet paid for 2017 $42000

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Now

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Less Expenses for 2017 $84,000

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