An unconventional bond offers a coupon rate of 5% for the first 5 years of the bond and 7% for the remaining 8 years of the bond. Face value is $1,000 and the yield to maturity is 8%.
Find bond value, current yield, and capital gains yield this year.
Find bond value, current yield, and capital gains yield next year.
Find bond value, current yield, and capital gains yield in 5 years.