Question: A bond has 8 years until maturity, carries a coupon rate of 8%, and sells for $1,100. a. What is the current yield on the

A bond has 8 years until maturity, carries a coupon rate of 8%, and sells for $1,100.

a. What is the current yield on the bond?

b. What is the yield to maturity if interest is paid once a year?

c. What is the yield to maturity if interest is paid semiannually?

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