You bought a corporate bond last year for $980. You received a coupon payment (interest) of $60

Question:

You bought a corporate bond last year for $980. You received a coupon payment (interest) of $60 and the bond is currently selling for $990. What is the

(a) Income yield,

(b) Capital gains yield,

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...