A corporate bond is quoted at a price of 1105 of face, Financial Management

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A corporate bond is quoted at a price of 1105 of face

A corporate bond is quoted at a price of 110.5 (% of face value) and carries a 6.0 percent coupon. The bond pays interest semi annually. What is the current yield on one of these bonds?

5.36 percent

5.56 percent

5.04 percent

5.43 percent

4.54 percent

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Financial Management: A corporate bond is quoted at a price of 1105 of face

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Financial Management: A corporate bond is quoted at a price of 1105 of face

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