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George owns a 20-year U.S. Treasury bond that he bought 4 years ago. The bond has a par value of $1,000 and a coupon rate
George owns a 20-year U.S. Treasury bond that he bought 4 years ago. The bond has a par value of $1,000 and a coupon rate of 6 percent. Interest is paid semi-annually. The bond's yield-to-maturity is 8 percent. What is the current price of the bond? Multiple Choice $821 (0) $864 O $1,125 O (0) $1,272 Further to question 11, what is the bond's current yield? Multiple Choice 6.0 percent 6.9 percent 7.3 percent 8.0 percent
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