A bond with a face value of $1,000 has 14 years until maturity, carries a...
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Finance
A bond with a face value of $1,000 has 14 years until maturity, carries a coupon rate of 8.6%, and sells for $1,104.
a. What is the current yield on the bond? (Enter your answer as a percent rounded to 2 decimal places.)
b. What is the yield to maturity if interest is paid once a year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.)
c. What is the yield to maturity if interest is paid semiannually? (Do not round intermediate calculations. Enter your answer as a percent rounded to 4 decimal places.)
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