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

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16-03-2017
Mathematics

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

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Hagrid Hagrid · Answer 1 · 2017-03-26T10:15:18+02:00

Hagrid Hagrid

26-03-2017

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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