Question: Problem 13-04 eBook Carrie's Clothes, Inc. has a four-year bond outstanding that pays $80 annually. The face value of each bond is $1,000, and

Problem 13-04 eBook Carrie's Clothes, Inc. has a four-year bond outstanding that

Problem 13-04 eBook Carrie's Clothes, Inc. has a four-year bond outstanding that pays $80 annually. The face value of each bond is $1,000, and the bond sells for $940. a. What is the bond's coupon rate? Round your answer to two decimal places. 8 % b. What is the current yield? Round your answer to two decimal places. 8.51 % c. 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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