Penny pincher discount grocers has issued a bond with a


Penny Pincher Discount Grocers has issued a bond with a coupon rate of 11%. It recently closed at a price of $1023.75. What is the bond's current yield?

a. 10.75%

b. 3.25%%

c. 12.8%

d. 8.9%

Solution Preview :

Prepared by a verified Expert
Finance Basics: Penny pincher discount grocers has issued a bond with a
Reference No:- TGS02184804

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)