Finance Assignment | Top Essay Writing

One year ago, a bond had a coupon rate of 7.72 percent, par value of $1000, YTM of 7.3 percent, and semi-annual coupons. Today, the bond’s price is 1,052.72 and the bond has 10 years until maturity.
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What was the current yield of the bond one year ago? The next coupon is due in 6 months. Answer as a rate in a decimal format so that 12.34% would be entered as 1234 and 0.98% would be entered as .0098. Get Finance homework help today

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