You are given the following partial quote from a newspaper dated October 13, 2015. Assume the bond has a face value of $1,000 and pays interest...

23. You are given the following partial quote from a newspaper dated October 13, 2015.

       Assume the bond has a face value of $1,000 and pays interest semi-annually.

     Company(TICKER)          COUPON        MATURITY             LAST                        EST

                                               RATE                                                PRICE            SPREAD

     XYZ (XYZ)                         4.00%        October 13, 2025        $940.00                     367

a)     What is the yield to maturity on this bond?

Answer

b)     What is the current yield on this bond?

       Answer

c)     Is this a premium, discount, or par bond?

       Answer