What is the current yield

Reference no: EM131931482

Question: ABC has issued a $1000 par bond with 15 years to maturity. The bond is currently quoted at 116.4% of par value. The bond pays a semi-annual coupon of $47, and a maturity of five years. What is the current yield? Enter your answer as a percentage rounded off to TWO decimal points

Reference no: EM131931482

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