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FinanceQ&A LibraryCarries Clothes, Inc. has a five -year bond outstanding that pays $60 annually. The face value of each bond is $1,000, and the bond sells for $890. Use semi- annual interest payments if it applies. What is the bond’s coupon rate? What is the current yield? What is the yield to maturity?Start your trial now! First week only $4.99!*arrow_forward*

Question

Carries Clothes, Inc. has a five -year bond outstanding that pays $60 annually. The face value of each bond is $1,000, and the bond sells for $890. Use semi- annual interest payments if it applies.

- What is the bond’s coupon rate?
- What is the current yield?
- What is the yield to maturity?

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