Question: Turn back to Table 6.1. What is the current yield of the 6.25% 2030 maturity bond? Why is this more than its yield to maturity?

Turn back to Table 6.1. What is the current yield of the 6.25% 2030 maturity bond? Why is this more than its yield to maturity?

Maturity 2015, 15 2016, May 15 2017, May 15 2022, May 15 2030, 15 2037, May 15 2042, May 15 Coupon 4.125 7.25 4.5 1.75 6.25 Bid Price 107.7969 120.641 15.6719 100.9922 152.7422 138.7031 100.2422 Asked Price 107.8203 120.664 115.7031 101.0078 152.8203 138.7813 100.2578 Asked Yield, % 0.23 0.35 0.54 1.63 2.44 2.78 2.99

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