Problem $13-04$

Carrie's Clothes, Inc. has a seven$-$year bond outstanding that pays $$50$ annually. The face value of each bond is $$1,000,$ and the bond sells for $$890.$

a$.$ What is the bond's coupon rate? Round your answer to two decimal places.

$\%$

b$.$ What is the current yield? Round your answer to two decimal places.

$\%$

c$.$ What is the YTM$?$ Use Appendix B and Appendix D to answer the question. Round your answgr to the nearest whole number.

$\%$

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