Global Trade,Inc.has $1,000 face value bonds outstanding with a market price of $1,013.The bonds pay interest annually,mature in 11 years,and have a yield to maturity of 5.34 percent.What is the current yield?
A) 5.39 percent
B) 5.43 percent
C) 5.50 percent
D) 5.61 percent
E) 5.77 percent
Correct Answer:
Verified
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