1. Brown enterprises bonds currently sell for 1025.00 They have a 9-year maturity, an annual coupon or 80.00 and a par value of 1,000 what is their current yield
2. Sharmberry Venutes recently issued bonds that mature in 15 years. They have a par value of 1,000 and an annual coupon of 6%. If the current market interest rate is 8% what price should the bonds sell
The solution explains how to calculate the current yield and the price of a bond.