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A BCE bond has 8 years until maturity and a coupon rate of 8.9% payable annually, and sells for $1,030. Face value of the bond
A BCE bond has 8 years until maturity and a coupon rate of 8.9% payable annually, and sells for $1,030. Face value of the bond is $1,000.
a. What is the current yield on the bond? (Round your answer to 2 decimal places.)
| Current yield % |
b. What is the yield to maturity? (Round your answer to 2 decimal places.)
| Yield to maturity % |
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