问题
单项选择题
A five-year bond with a 8.00 percent semiannual coupon currently trades atl02. 345 percent of a par value of $1000. Which of the following is closest to the current yield on the bond()
A. 3.91%.
B. 7.43%.
C. 7.82%.
答案
参考答案:C
解析:
The current yield is computed as: (Annual Cash Coupon Payment)/(Current Bond Price). The annual coupon is: ($1000)(0.08)=$80. The current yield is then: ($80)/($1023.45)=0.0765=7.82%.