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 ... 
Coupon Bond
A debt obligation with coupons attached that represent semiannual ... 
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, ... 
Coupon
The annual interest rate paid on a bond, expressed as a percentage ...