What is the current yield of the bonds today

Reference no: EM131948242

Question: Bonds issued by Oxygen Optimization were priced at 884.17 dollars 6 months ago. The bonds pay semi-annual coupons, have a coupon rate of 11.66 percent, just made a coupon payment, and have a face value of 1,000 dollars. If the bonds had a percentage return over the past 6 months (from 6 months ago to today) of 3.09 percent, then what is the current yield of the bonds today? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

Reference no: EM131948242

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