# 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? 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.

1. What is the bond’s coupon rate?
2. What is the current yield?
3. What is the yield to maturity?