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The bond of Tuckpeck is 8¼ 14. The bond traded for a high of 93.25 and closed at 93. The current yield of the bond to the nearest tenth of a percent is:

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abiolataiwo2015

Answer:

8.9%

Explanation:

Calculation for what The current yield of the bond to the nearest tenth of a percent is:

Current yield of Bond=[(8+1/4)*10]/(93*10)

Current yield of Bond=(8.25*10)/930

Current yield of Bond=82.5/930

Current yield of Bond=0.089*100

Current yield of Bond=8.9%.

Therefore The current yield of the bond to the nearest tenth of a percent is 8.9%

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