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  3. 13 a bond pays a semi-annual coupon at an apr

13 A bond pays a semi-annual coupon at an APR of...

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Accounting

13

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A bond pays a semi-annual coupon at an APR of 9.75%. The bond will mature in 6.00 years and has a face value of $1,000.00. The bond has a yield-to-maturity of 11.84% APR. What is the current yield for the bond? What is the current yield for the bond? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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