Hi, I cannot figure out how to answer the following (# 5). I take it I am supposed to answer # 4 to calculate # 5.
# 5. Bond Pricing. If Circular File (see question 4) wants to issue a new 6-year bond at face value, what coupon rate must the bond offer?
# 4. Bond Pricing. A 6-year Circular File bond pays interest of $80 annually and sells for $950. What is its coupon rate, current yield, and yield to maturity?© BrainMass Inc. brainmass.com June 3, 2020, 6:57 pm ad1c9bdddf