Luna Inc. bonds currently sell for P1,500 and the same bond was originally sold at P1,500. This instrument pays a P37.50 annual coupon for the 5-years. What is the expected total yield of this bond?

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Luna Inc. bonds currently sell for P1,500 and the same bond was originally sold at P1,500. This instrument pays a P37.50 annual coupon for the 5-years. What is the expected total yield of this bond?
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