Ahmed bought a bond with the coupon of 75 from ABC Corporation The par value of the bond is AED 1,000 The bond was issued for AED 970 The maturity of the bond is 10 years Required a Calculate the coupon rate b Calculate the current yield

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Ahmed bought a bond with the coupon of 75 from ABC Corporation. The par value of the bond is AED 1,000. The bond was issued

Ahmed bought a bond with the coupon of 75 from ABC Corporation. The par value of the bond is AED 1,000. The bond was issued for AED 970. The maturity of the bond is 10 years.

Required:

a. Calculate the coupon rate.

b. Calculate the current yield

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