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16 February, 20:40

If the annual interest rate printed on the face of a bond is 12 percent, the face value of the bond is $1,000, and the current market price of the bond is $1,200, what is the current yield on the bond?

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  1. 16 February, 21:04
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    If the annual interest rate printed on the face of a bond is 12 percent, the face value of the bond is $1,000, and the current market price of the bond is $1,2000, what is the current yield on the bond?

    10.0 percent.
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