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  3. a corporate bond is quoted at a price of 106.13 an

A corporate bond is quoted at a price of 106.13 and carries a 5.20 percent...

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Finance

A corporate bond is quoted at a price of 106.13 and carries a 5.20 percent coupon. The bond pays interest semiannually. What is the current yield on one of these bonds?

A. $7,667.67

B. $7,020.59

C. $7,194.39

D. $7,302.03

E. $7,744.12

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