A bond with a face value of 1000 has 8 years until maturity, Ask an Expert

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A bond with a face value of $1,000 has 8 years until maturity, carries a coupon rate of 7.0%, and sells for $1,085. a. What is the current yield on the bond? (Enter your answer as a percent rounded to 2 decimal places.) b. What is the yield to maturity if interest is paid once a year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.) c. What is the yield to maturity if interest is paid semiannually? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.)

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Category:- Financial Management
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