Question: Problem 13-04 Carrie's Clothes, Inc. has a four-year bond outstanding that pays $50 annually. The face value of each bond is $1,000, and the bond

Problem 13-04

Carrie's Clothes, Inc. has a four-year bond outstanding that pays $50 annually. The face value of each bond is $1,000, and the bond sells for $910.

What is the bond's coupon rate? Round your answer to two decimal places.

%

What is the current yield? Round your answer to two decimal places.

%

What is the yield to maturity? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number.

%

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