24.If a bond selling for $850 has an annual coupon payment of $80 and a face value of $1,000,what is its current yield? (a)8.00% (b)9.41% (c)17.65% (d27.05% Answer:(b) 25.If a bond selling for $1,120 has an annual coupon payment of $110 and a face value of $1,000,what is its current yield? (a)8.90% (b)9.82% (c)10.71% (d)11.00% Answer:(b) 26.If a bond selling for $900 has an annual coupon payment of $80 and a face value of $1,000,what is its current yield? (a)8.00% (b)8.89% (c)11.00% (d20.00% Answer:(b) 27.The is the discount rate that makes the present value of the bond's stream of promised cash payments equal to its price. (a)compound rate (b)yield to maturity (c)coupon rate (d)current yield Answer:(b) 8-78-7 24. If a bond selling for $850 has an annual coupon payment of $80 and a face value of $1,000, what is its current yield? (a) 8.00% (b) 9.41% (c) 17.65% (d) 27.05% Answer: (b) 25. If a bond selling for $1,120 has an annual coupon payment of $110 and a face value of $1,000, what is its current yield? (a) 8.90% (b) 9.82% (c) 10.71% (d) 11.00% Answer: (b) 26. If a bond selling for $900 has an annual coupon payment of $80 and a face value of $1,000, what is its current yield? (a) 8.00% (b) 8.89% (c) 11.00% (d) 20.00% Answer: (b) 27. The ________ is the discount rate that makes the present value of the bond’s stream of promised cash payments equal to its price. (a) compound rate (b) yield to maturity (c) coupon rate (d) current yield Answer: (b)