Question

Mr. X bought a bond at 1000 at a 10% coupon rate. But he intends to sell the bond after a year to Mr. Y. Mr. Y purchased the bond at 986. At the end of the second year, Mr. Y got the interest income on his bond. What is his (

  • Y current yield?
A 10%
B 10.14%
C 10.5%
D 9%
E None of the above
Practice Next

Hey! Ask a query