Bond yields - a bond with face value 1000 has a current


Bond Yields - A bond with face value $1,000 has a current yield of 6% and a coupon rate of 8%.

a. If interest is paid annually, what is the bond's price?

b. Is the bond's yield to maturity more or less than 8%?

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Business Economics: Bond yields - a bond with face value 1000 has a current
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