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san4es73 [151]
3 years ago
7

Calculate the current yield of this bond: (Round your answer to the nearest tenth percent.)

Business
1 answer:
Ugo [173]3 years ago
3 0

Answer:

11%

Explanation:

Note: Kindly observe the organized question is attached as picture below

FV = 1000

Coupon amount = 1000*11.22% = 112.2

Close price = 102%

Price of bond in amount = Face value * quoted%

Price of bond in amount = 1000 * 102%

Price of bond in amount = 1020

Current yield formula = Coupon amount/price of bond

Current yield formula = 112.2/1020

Current yield formula = 0.11

Current yield formula = 11%

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At December 31, 2020, Desert Company reports the following balances for its liability accounts:   7% note payable issued 10/1/20
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Which part of a business proposal discusses the history of a product, service, or company with a focus on the relationship betwe
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2 years ago
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LekaFEV [45]

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