Question
The Brownstone Corporation's bonds have 6 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest
The Brownstone Corporation's bonds have 6 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%.
What is the yield to maturity at a current market price of $839? Round your answer to two decimal places.
% What is the yield to maturity at a current market price of $1,183? Round your answer to two decimal places.
%
A bond that matures in 7 years sells for $1,020. The bond has a face value of $1,000 and a yield to maturity of 10.5883%. The bond pays coupons semiannually. What is the bond's current yield? Round your answer to two decimal places.
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