Blackwell bonds have a face value of $1,000 and are currently quoted at 98.4.The bonds have a 5 percent coupon rate.What is the current yield on these bonds?
A) 4.67 percent
B) 4.78 percent
C) 5.08 percent
D) 5.33 percent
E) 5.54 percent
Correct Answer:
Verified
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