Carrie 's Clothes, Inc has a five year bond outstanding that pays $60 annually The face value of each bond is $1,000, and the bond sells for $890 a What is the bond 's coupon rate b What is the current yield c What is the yield to maturity ...

a The coupon rate 6 601000 b The current yield 60890 67 c Deter ...

Carrie's Clothes, Inc. has a five-year bond outstanding that pays $60 annually. The face value of each

Question:

Carrie's Clothes, Inc. has a five-year bond outstanding that pays $60 annually. The of each bond is $1,000, and the bond sells for $890.
a. What is the bond's rate?
b. What is the current yield?
c. What is the yield to maturity?
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... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...