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Pineapple Design Inc has bonds on the maket with a coupon rate of 7.5%. The bonds make semiannual coupon payments, have 22 years to maturity

Pineapple Design Inc has bonds on the maket with a coupon rate of 7.5%. The bonds make semiannual coupon payments, have 22 years to maturity and are currently trading at $970. What is the current yield on these bonds? What is the YTM?

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  • 7.73%; 7.94%

  • 7.94%; 7.73%

  • 7.79%; 7.94%

  • 7.73%; 7.79%

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