QueenKenzie4453 QueenKenzie4453

08-11-2022
Business

Answered

Chester has a par value $500 bond issued by harris county. the bond pays 6.2% yearly interest, and has a current market rate of 98.626. if harris county bonds had a market rate of 101.760 instead of 98.626, what would be the current yield on chesterâ€™s bond? a. 0.061 b. 0.062 c. 0.063 d. 0.031

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