Determine the current yield on corporate bond investment

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Determine the current yield on a corporate bond investment that has a face value of $1040, pays 4 percent, and has a current price of $1320. Convert your answer to a percent, then round to 1 decimal place (i.e. 1.3 2.4). Do not include the "%" sign in your response.

Reference no: EM131300301

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Determine the current yield on corporate bond investment : Determine the current yield on a corporate bond investment that has a face value of $1040, pays 4 percent, and has a current price of $1320. Convert your answer to a percent, then round to 1 decimal place (i.e. 1.3 2.4). Do not include the "%" sign i..

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