In: Finance
You paid $889 for a corporate bond with 9.2% yield and five years to maturity. the face value of the bond is $1,000. the bond pays coupon interest on quarterly basis. your required rate of return on the bond was 8.9%. compute the bond’s current yield.
Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!! Thank you..!!