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The following setup is used for question #7 to #9. Suppose Brandon has a seven-year, $1000 bond with an 8% coupon rate and semiannual coupons.
The following setup is used for question #7 to #9. Suppose Brandon has a seven-year, $1000 bond with an 8% coupon rate and semiannual coupons. If the bond's yield to maturity is 6.75% today, then this bond is trading ... A.at a discount B.at par C.at a premium D.cannot determine the bond's current price Question 8 1 pts Suppose we don't know the bond's yield to maturity; but, we know that the bond is trading at par today. What is the bond's yield to maturity (in percentage)? Answer: __-_ \%
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