# Brandt Corporation's 30-year bond has 10 years left until maturity. The 8% coupon bond has a par value of $1000 and pays interest semiannually. The bond currently sells for$1089.84. What is the bond's current yield? What is the bond's yield to maturity?

Question

Brandt Corporation's 30-year bond has 10 years left until maturity. The 8% coupon bond has a par value of $1000 and pays interest semiannually. The bond currently sells for$1089.84.

What is the bond's current yield?

What is the bond's yield to maturity?