A Puppy Pet Services $1,000 bond has a 7.5 percent coupon rate,matures in 2016,and is currently quoted at $820.The current yield is:
A) 6.15 percent.
B) 7.50 percent.
C) 9.15 percent.
D) 10.27 percent.
E) 11.43 percent.
Correct Answer:
Verified
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