Question: Problem 13 Intro A bond has a face value of $1,000 and pays an annual coupon of $89. It matures in 8 years and currently

Problem 13

Intro

A bond has a face value of $1,000 and pays an annual coupon of $89. It matures in 8 years and currently trades for $1,082.

Part 1

What is the bond's coupon rate?

Part 2

What is the bond's current yield?

Part 3

What is the bond's yield to maturity?

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