Bond Yields
A Sprint bond has 5 years until maturity a coupon rate of 8 percent, and sell for 2,000.
a. What is the current yield on the bond?
b. What is the yield to maturity?
A Sprint bond has 5 years until maturity a coupon rate of 8 percent, and sell for 2,000.
a. What is the current yield on the bond?
b. What is the yield to maturity?