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2.4 Financial markets and monetary policy (A-level only)

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Question 34

A corporate bond has a nominal (par) value of £400 £400\,£400 and a coupon rate of 7.5%. If the bond is currently trading at a market price of £375£375£375, this implies that the

current yield on the bond is 6.0%6.0\%6.0%.

current yield on the bond is 7.5%7.5\%7.5%.

current yield on the bond is 8.0%8.0\%8.0%.

current yield on the bond is 12.5%12.5\%12.5%.

2.4 Financial markets and monetary policy (A-level only) Questions

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  3. /2.4 Financial markets and monetary policy (A-level only)