Exhibit 17.1
Use the Information Below for the Following Problem(S)
$\begin{array}{ccc}
\text { Company } & \text { Ticker } & \text { Coupon } & \text { Maturity}& \text { Last Price}& \text { Last Yield}& \text { EST Spread}& \text { UST}& \text { Est \$ Vol(000's)}\
\hline
\text { Cen Fler } & \text { GE } & \text { 4.75 } & \text { 9/15/2019} & 99.544 & 4.808 & 62& 10 & 158736
\end{array}$
-Refer to Exhibit 17.1.What is the current yield for this bond?
A) 4.18%
B) 5.88%
C) 4.77%
D) 8.125%
E) 4.063%

Question

Exhibit 17.1
Use the Information Below for the Following Problem(S)
 $\begin{array}{ccc}
\text { Company } & \text { Ticker } & \text { Coupon } & \text { Maturity}& \text { Last Price}& \text { Last Yield}& \text { EST Spread}& \text { UST}& \text { Est \$ Vol(000's)}\
\hline 
\text { Cen Fler } & \text { GE } & \text { 4.75 } & \text { 9/15/2019} & 99.544 & 4.808 & 62& 10 & 158736
\end{array}$
-Refer to Exhibit 17.1.What is the current yield for this bond?
A) 4.18%
B) 5.88%
C) 4.77%
D) 8.125%
E) 4.063%

Quizplus · Accepted Answer

The current yield is calculated as the annual coupon payment divided by the bond's current price. Here, the annual coupon payment is 4.75% of the face value, and the current price is 99.544% of the face value. Thus, the current yield is approximately 4.77%.

Exhibit 17 -Refer to Exhibit 17