Briyana has a $500 bond with a 6% coupon. briyana purchased this bond for $460. what is the yield of this new bond? a. 6% b. 4.6% c. 6.3% d. 6.5%

The yield of this new bond is 6.5%.

To find the yield, we first need to multiply the value of the bond by the coupon percent. This is the amount paid to the bond holder.

500 x 0.06 = 30

So Briyana earned $30 on a bond that cost her $460.  

30 / 460 x 100 = 6.5%

The right answer should be 6 but your not very specific