Mathematics

Mathematics, 12.10.2020 20:01, isabelle1670

Sandra owns a bond issued by Animite Energy with a par value of $1,000. The bond pays 7.6% interest yearly and had a market rate of 93.411 when Sandra bought it. If the current market rate of Animite Energy bonds is 102.382,
what is the current yield on Sandra's bond?
a. 0.076
b 0.074
C. 0.081
d. 0.089

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Sandra owns a bond issued by Animite Energy with a par value of $1,000. The bond pays 7.6% interest...

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