Recently, Chrysler bonds with a face value of $100 closed at $103. The coupon rate was 12.75 percent. The current yield on these bonds was
A. 103 percent.
B. 3 percent.
C. 12.75 percent.
D. less than 12.75 percent.
Answer: D
Economics
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What will be an ideal response?
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A) 50. B) 25. C) 12.50. D) 10.
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