Six months ago a bond had a coupon rate of 406 percent par, Ask an Expert

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Six months ago, a bond had a coupon rate of 4.06 percent, par value of $1000, YTM of 5.34 percent, and semi-annual coupons. Today, the bond’s price is 1,070.24 and the bond has 10 years until maturity. What was the current yield of the bond six months ago? The next coupon is due in 6 months. Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92300075

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