-yield to maturity
coupon rate = annual payment/ face value = 105/1000 = ...
Coupon rate, current yield, and yield to maturity are determined.
Calculate: (a) Coupon Rate, (b) Current Yield, (c) Yield To Maturity
Gray House is issuing bonds paying $105 annually that will mature fifteen years from today. The bond is currently selling for $980.
(a) Coupon Rate
(b) Current Yield
(c) Yield To Maturity