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12 July, 13:37

A bond with an annual coupon rate of 4.8% sells for $970. what is the bond's current yield?

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  1. 12 July, 13:47
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    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 = Fib

    where i = bond yield

    F = $970

    ib = 4.8%

    i = 970 * (0.048)

    i = $46.56
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