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On April 1, 2016, Weyland-Yutani, Inc. issued a 10 year bond (with a typical $1000 face value) that had an annual coupon value of $65.

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On April 1, 2016, Weyland-Yutani, Inc. issued a 10 year bond (with a typical $1000 face value) that had an annual coupon value of $65. [We are assuming that the 2021 coupon has just been redeemed.] Initially, the bond was sold at the discounted price of $985. On April 1, 2021, this bond was selling for $1,015. The market rate of interest for a riskless corporate bond, of this maturity, was 3.8% on April 1, 2016, which reflects market expectations about future rates of inflation. The market rate of interest for a riskless corporate bond, of this maturity, was 3.5% on April 1, 2021, which reflects market expectations about future rates of inflation. 5. What was the nominal yield on this bond on April 1, 2021? [To 1 decim 6. What was the current yield on this bond on April 1, 2021? [To 1 decima

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