A $1,000 bond with a coupon rate of 6.5 percent has a market price of $950.What is the last yield?
(a)6.5 percent
(b)6.8 percent
(c)7.0 percent
(d)6.2 percent

Name: A $1,000 bond with a coupon rate of 6.5 percent has a market price of $950.What is the last yield? (a)6.5 percent (b)6.8 percent (c)7.0 percent (d)6.2 percent
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The Answer of A $1,000 bond with a coupon rate of 6.5 percent has a market price of $950.What is the last yield?
(a)6.5 percent
(b)6.8 percent
(c)7.0 percent
(d)6.2 percent

A $1,000 Bond with a Coupon Rate of 6