A bond has 16 years until maturity, a coupon rate of 5.8%, and sells for $1,109.
a. What is the current yield on the bond? (Round your answer to 2 decimal places.)
Current yield %
b. What is the yield to maturity? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Yield to maturity %© BrainMass Inc. brainmass.com June 4, 2020, 2:22 am ad1c9bdddf
The solution computes current yield and the yield to maturity for a bond.