Disney's semiannual, AA rated 15 year bond has a coupon rate of 8% and a par value of $1000. If the current price for the bond is $900, what is its current yield?

		4.4%
		8.9%
		8%
		17.8%

A broker prices a bond for an investor at $1020. The semiannual bond has a coupon of 6.55% and 8 years until maturity. Market rates are 6.25%. Which of the following is TRUE?

		the investor can expect to earn 6.23% and should buy the bond from the broker
		the investor can expect to earn 6.23% and should not buy the bond from the broker
		the investor can expect to earn 5.93% and should buy the bond from the broker
		the investor can expect to earn 5.93% and should not buy the bond from the broker