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What's the current yield of a 5.00 percent coupon corporate bond quoted at a price of 102.58? ​
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What's the current yield of a 5.00 percent coupon corporate bond quoted at a price of 102.58?
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User Contessa
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I could be wrong but how I would answer is 5/100 and x/102.58 then cross multiply ? Which would be 102.58 x 5 = 512.9 and divided by 100 equals 5.129. Not sure but that’s how I would solve it.
User Vannesa
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