Q:
A:
A
10year, 8% coupon bond is currently trading at 98.5
of par. This bond is callable in 5years at a price
of 101.5. However, it also has a putable feature which
comes into effect in 4 years at a strike price of
97.5. What is this bond's current yield measure?
a) 8.12%
b) 8.00%
c) 7.81%
d) 8.22%
The correct answer is: a)
2005 LOS: 16.1.B.b
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RELATED TERMS

Par Value
The face value of a bond. Par value for a share refers to the ... 
At Par
A term that refers to a bond, preferred stock or other debt obligation ... 
Par
Short for "par value," par can refer to bonds, preferred stock, ... 
Dollar Price
The percentage of par, or face value, at which a bond is quoted. ... 
Current Coupon Bond
A bond with a coupon rate that is within 0.5\% of the current ... 
Discount Bond
A bond that is issued for less than its par (or face) value, ...