FIN 351 CHAPTER 12 QUIZ 59

FIN 351  CHAPTER  12 QUIZ 59

 A 15 year, 7% coupon rate bond is selling for $771.82. What is the current yield of the bond?
A. 22.8%
B. 7.0%
C. 9.1%
D. 10.0%
E. 30.7%

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