A$7,600 par value bond sells for $7,373 . the coupon rate is 5.30% . what is the current yield

Current yield = 5.46%

Step-by-step explanation:

Current yield is calculated by dividing the annual income (coupon) on the bond divided by the current price of the bond

Current  yield = Annual coupon / Current price

In this case,

Face value or Par value = $7,600

Price of the bond = $7,373 (shows it is a discount bond since the price < FV)

Coupon rate = 5.30%

Next, calculate the Coupon payment in dollars;

Annual coupon PMT = Coupon rate * Face value

Annual coupon PMT = 0.053 * 7,600 = $402.8

Therefore, Current Yield = 402.8 / 7,373 = 0.05463

Current yield = 5.46%

they go with it happens or they mite give a chance?

step-by-step explanation:

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720