What is the bond''s current yield


Question: A 15-year bond with an 8 percent annual coupon has a face value of $1,000. The bond's yield to maturity is 7 percent. What is the bond's current yield?

a.    3.33%
b.    5.00%
c.    7.33%
d.    7.50%
e.    8.00%

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Finance Basics: What is the bond''s current yield
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