ABC Corp.s outstanding bonds have a $1,000 par value and they mature in 5 years. Their yield-to-maturity is 9% based on semi-annual compounding, and the current market price is $853.61. What is the bonds annual payment? Hint: First find out the half year payment, then convert to one year payment.

Question 23 options:

	$26.50
	$53.00
	25.36
	$50.27

Question 24 (2 points)

What is the bond's current yield?

Question 24 options:

	3.11%
	6.22%
	3.02%
	6.04%