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Question 27 Last year, the XYZ Corporation had issued 12.0% coupon (semi-annual), 20 year, AA-rated bonds with a face value of $1,000 to finance its business expansion. As of today, the market price of XYZ's bonds are $1,300. What is the current yield to maturity and how can the bonds be classified? x 8.7%, so these are premium bonds 8.7%, so these are discount bonds 11.6%, so these are premium bonds 11.6%, so these are discount bonds 10.0% . so these are premium bonds N = 19 PV = -1300 IM1 = 60