Question: 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

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?

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

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