Question 1: A 6% debenture with a current market value of $90 per $100 nominal would have an interest yield of?
Question 2: You are asked the price of a bond with 8% coupon rate. The bond will repay its face value of $100 at the end of 15 years. other similar bonds have yield to maturity of 12%. Please show steps how you get an answer and please be clear in your explanation.