A 15-year bond with a face value of $1,000 currently sells for $1050. Which of the following statements is CORRECT?
a. The bond's current yield exceeds its coupon rate
b. the bond's current yield is less than its yield to maturity
c. the bond's yield to maturity is less than its coupon rate
d. the bond's current yield is equal to its coupon rate
e. if the yield to maturity stays constant until the bond matures, the bond's price will go up
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