What is the approximate yield to maturity for a $1000 par value bond selling for $925 that matures in 8 years and pays a 10 percent coupon that is paid semi annually?
What is the current price of a $1000 par value bond maturing in 12 years with a coupon rate of 14 percent, paid semiannually, that has a YTM of 13 percent?
If the required return on a bond is higher than the coupon rate, this bond will sell at a _____________?
par
discount
Premium