If the annual coupon rate is 7 percent on a $1000 face value bond with market price equal to $ 985. Find current yield

7.1%

Step-by-step explanation:

Current yield is the ratio of coupon payment of a bond to its current market price.  It is calculated by using coupon payment and the current market value of the bond.

As per given data

Coupon rate = 7%

Face value = $1,000

Market Value = $985

Coupon Payment = $1,000 x 7% = $70

Formula for Current yield is as follow

Current Yield = Annual Coupon Payment / Current Market Price

Current Yield = $70 / $985

Current Yield = 7.11%

describing distributions is one of the key skills you’ll need to earn a high score on the ap statistics exam. if you need proof of this, just flip through some past exam questions, which can be found at the collegeboard website. you’ll notice that the first free response question is almost always a question requiring you to look at a graph and describe it.

step-by-step explanation: just trying to get points sorry : (

answer: dead jah

step-by-step explanation:

bullet + jah= dead jah