Ron bought one bond of Bee Company for 82.25. The original bond was 6 3/4 15. The current yield is (to the nearest tenth of a percent):

Name: Ron bought one bond of Bee Company for 82.25. The original bond was 6 3/4 15. The current yield is (to the nearest tenth of a percent):
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Question

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The bond's coupon rate is 6.75% (6 3/4), and the bond was purchased for 82.25. The current yield is calculated as (Coupon Payment / Purchase Price) * 100 = (6.75 / 82.25) * 100 = 8.2%.

Ron Bought One Bond of Bee Company for 82