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A bond matures in 4 years and pays a 3 . 0 0 % annual coupon. The bond has a face value of $ 1

A bond matures in 4 years and pays a 3.00% annual coupon. The bond has a face value of $1,000 and currently sells for $980. What is the bonds current yield?
a.4.35%
b.6.67%
c.3.06%
d.4.00%
4. Same facts as #3, what is the yield to maturity of the bond ?
a.8.17%
b.5.89%
c.4.66%
d.3.55%

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