problem1: Brown Enterprises' bonds currently sell for $1,025. They have a nine year maturity, an annual coupon of $80, and a par value of 1,000 dollar. find out their current yield?
[A] 9.00%
[B] 9.10%
[C] 9.20%
[D] 7.80%
[E] 7.90%
problem2: Brown Enterprises' bonds currently sell for $1,025. They have a nine year maturity, an annual coupon of $80, and a par value of $1,000. Determine their yield to maturity?
[A] 7.21%
[B] 7.45%
[C] 7.61%
[D] 6.87%
[E] 7.03%