Question: BOND FEATURES If a bond has five years to maturity, an $80 annual coupon, and a $1000 face value, its cash flows would look like

BOND FEATURES If a bond has five years to maturity, an $80 annual coupon, and a $1000 face value, its cash flows would look like this: Time 0 1 2 3 4 5 Coupons $80 $80 $80 $80 $80 Face Value $1000 BOND RATES AND BOND YIELDS Consider again our example bond. It sells for $924.18, pays an annual coupon of $80, and it matures in 5 years. It has a face value of $1000. What are its coupon rate, current yield, and yield to

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