Question

A bond with 1000 par value, has 14 years left to maturity has a coupon rate...

A bond with 1000 par value, has 14 years left to maturity has a coupon rate of 10% with semi-annual coupon payments. The current yield to maturity is 11.5%. What is the current yield?

12.78%

11.15%

11.95%

13.64%

14.51%

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