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What is the current yield for a $1,000 corporate bond that pays 7.5 percent and has a current market value of $950?

What is the current yield for a $1,000 corporate bond that pays 7.5 percent and has a current market value of $950?
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What is the current yield for a $1,000 corporate bond that pays 7.5 percent and has a current market value of $950?

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User Gregjer
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The yield for a $1000 corporate bond that has a present market value of $950 at 7.5 % would be $950 x 0.075= $71.25 or its' total value would become $1021.25 as it would have to be based on the present market value.
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User Dejohn
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