What are coupon rate current yield and yield to maturity


Please answer the given questions about bond yields and pricing.

1. A bond with a face value of $1,000 has a current yield of 7 percent and a coupon rate of 8 percent. What is the bond's price?

2. A 6-year Circular File bond pays interest of $80 annually and sells for $950. What are its coupon rate current yield and yield to maturity?

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Finance Basics: What are coupon rate current yield and yield to maturity
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