A 5-year Circular File bond pays interest of $60 annually and sells for $988. What are its coupon rate and yield to maturity? (Do not round intermediate calculations. Round "Coupon rate" to 1 decimal place and "Yield to maturity" to 2 decimal places.)
Coupon rate %
Yield to maturity %.© BrainMass Inc. brainmass.com June 4, 2020, 2:22 am ad1c9bdddf
This solution illustrates how to compute a bond's coupon rate and its yield to maturity.