Asked by Audrey Cummings on Apr 26, 2024
Verified
An investor bought an 8% bond at 110. The commission was $5. Compute the annual current yield. (Round answer to two decimal places.)
8% Bond
A bond that pays an annual interest rate of 8%, representing the fixed income it provides to investors over its term.
- Understand the theory of current yield and the process of contrasting it among several bonds.
Verified Answer
LV
Learning Objectives
- Understand the theory of current yield and the process of contrasting it among several bonds.