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Garvin Enterprises' bonds currently sell for $850. They have a 5-year maturity, an annual coupon of $125, and a par value of $1,000. What is

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Garvin Enterprises' bonds currently sell for $850. They have a 5-year maturity, an annual coupon of $125, and a par value of $1,000. What is their current yield? a. 5.25% b. 12.50% c. 9.00% d. 14.71% Consider some bonds with one annual coupon payment of 5.50%. The bonds have a par value of $1,000, a current price of $800, and they will mature in 5 years. What is the yield to maturity on these bonds? a. 11.25% b. 5.50% c. 10.90% d. 6.88%

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