A bond with 15 years to maturity has a semiannual interest payment of $40. If the bond

Question:

A bond with 15 years to has a semiannual interest payment of $40. If the bond sells for its par value, what are the bond's current yield and yield to Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...