Question a bond has a 1000 face value and a 1 146 market, Ask an Expert

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Question: A bond has a $1,000 face value and a $1, 146 market value. The bond pays interest semi-annually, has a yield-to-maturity of 7.47 percent, and matures in 10 years. What is the current yield? Record your answer to two decimal places While the answer should be given as a percentage do NOT place a "%" directly after the number. In the box calling for units there are four (4) possible responses dollars; percent; ratio; or years. Type into the units' box the appropriate for your answer.

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