4.c.48 calculate the current yield on the described bond. a $500 treasury bond with a coupon rate of 2.8% that has a market value of $450 the current yield is %. (round to two decimal places as needed.) tents hual uccess a library success le resources

The current yield is 3.11%.

Step-by-step explanation:

Given - A $500 Treasury bond with a coupon rate of 2.8% that has a market value of $450.

Now the face value of the bond is = $500

The rate of interest is = 2.8%

Then interest on $500 becomes:

dollars

The current market value is $450

So, current yield is = %

The current yield is 3.11%.