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The bond is currently quoted at 1155 of par value the bond

ABC has issued a $1000 par bond with 15 years to maturity. The bond is currently quoted at 115.5% of par value. The bond pays a semi-annual coupon of $57, and a maturity of five years. What is the current yield?

Enter your answer as a percentage rounded off to TWO decimal points.

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Finance Basics: The bond is currently quoted at 1155 of par value the bond

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Now Priced at $20 (50% Discount)

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Finance Basics: The bond is currently quoted at 1155 of par value the bond

Reference No:- TGS02255875

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