Corporate Bond Problems Please show your work Current Yield 1. Steve is looking

Question

Corporate Bond Problems

Please show your work

Current Yield

1.         Steve is looking at a bond that pays a 5.75% coupon and is currently selling for $1052.50. What is the current yield?

2.         Tina is looking at a bond that has a coupon of 6 3/8 and is currently selling for $867.50. What is the current yield?

3.         Urban is looking at a bond with a coupon of 5 1/2%. Market interest rates have dropped since the bond was issued. He would be willing to invest if he could earn a current yield of 4

Explanation / Answer

ok i can help you...........................

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