Question: QueSUIL 4 O 10 Check My Work eBook Problem 13-04 Carrie's Clothes, Inc. has a six-year bond outstanding that pays $80 annually. The face value
QueSUIL 4 O 10 Check My Work eBook Problem 13-04 Carrie's Clothes, Inc. has a six-year bond outstanding that pays $80 annually. The face value of each bond is $1,000, and the bond sells for $920. a. What is the bond's coupon rate? Round your answer to two decimal places. b. What is the current yield? Round your answer to two decimal places. 8.70 % 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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