Question: Problem 6 - 7 Bond Pricing ( LO 2 ) A 1 0 - year Circular File bond with face value of $ 1 ,

Problem 6-7 Bond Pricing (LO2)
A 10-year Circular File bond with face value of $1,000 pays interest once a year of $70 and sells for $960.
a. What are its coupon rate and yield to maturity?
Note: Do not round intermediate calculations. Enter the coupon rate as a whole percent and the yield to maturity as a percent rounded to 2 decimal places.
\table[[Coupon rate,,%
Problem 6-7 Bond Pricing (LO2) A 10-year Circular File bond with

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