Problem
Bond Valuation
1) Bond Valuation, YTM
A bond is currently trading at $952.31. The bond has a face value of $1,000, a coupon rate of 8% with payments made semi-annually, and mature in 20 years. What is the yield to maturity?
2) Coupon Bond, Find C
Company A's bonds are trading today for a price of $961.29. The bond currently has 10 years until maturity and a yield to maturity of 5%. The bond pays annual coupons, and the next coupon is due in one year. What is the coupon rate of the bond?