Respuesta :
Answer:
0.081
Step-by-step explanation:
For the calculation of the current yield on Sandra bond,
Annual interest of the bond = 7.6%
Current price of bond = 93.411
The current yield is equal to the annual interest earned divided by the current price of the bond.
The current yield on Sandra bond = Annual interest / Current price of bond
The current yield on Sandra bond = 7.6 / 93.411
The current yield on Sandra bond = 7.6 / 93.411
The current yield on Sandra bond = 0.0813608675637773
The current yield on Sandra bond = 0.081