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Fittoniya [83]
2 years ago
8

Gwendolyn francis is interested in buying a bond that pays $70 annually. the current price of the bond is $800. what is her curr

ent yield?
Mathematics
1 answer:
serg [7]2 years ago
4 0
Below are the choices that can be found from other sources:

<span>A. 4%
B. 7%
C. 8%
D. 3.5%
E: 8.75%
</span>
Below is the solution;

<span>Current yield = Annual interest amount/Current price —t 70/800 = .0875 = 8.75%. 
</span>
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions here.
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