A coupon bond that pays interest of $56 annually has a par value of $1,000, matures in 5 years, and is selling today at a $74.25 discount from par value. The current yield on this bond is .

The current yield on this bond is 110 %.

Explanation:

The following data can be extracted from the question :

pmt = $56

p/yr = 1

Fv = $1,000

n = 5

Pv = - $74.25

r = ?

The current yield on this bond r, can be calculated using a financial calculator.

Enter the data and obtain r as 109.8984%

Thus the  current yield of this bond is 110 %

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

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