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3. A bond with 15 years to maturity has an annual interest payment of $40. If the bond sells for its par value, what are

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3. A bond with 15 years to maturity has an annual interest payment of $40. If the bond sells for its par value, what are the bond's current yield and yield to maturity? 4. Carrie's Clothes, Inc. has a five-year bond outstanding that pays $60 annually. The face value of each bond is $1,000, and the bond sells for $890. a. What is the bond's coupon rate? b. What is the current yield? c. What is the yield to maturity

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