Jo K.

asked • 02/15/20

Current yield...


Joe Plc issued a nine year bond in November 2011 with a coupon rate of 8% (face value = £100). In November 2016 (just after that year’s coupon had been paid) you bought the bond at a price of £96.76. It is now exactly one year later and you have just sold the bond for £102.62.


What is the current yield today?


 


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