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You are given the following partial quote from a newspaper dated Septemeber 29, 2015. Assume the bond has a face value of $1,000 and pay interest...
You are given the following partial quote from a newspaper dated Septemeber 29, 2015.
Assume the bond has a face value of $1,000 and pay interest semi-annually.
Coupon--- $8.00
Maturity-- September 29, 2035
Last Price ---121.40%
Est Spread---- 367
1. What is the yield to maturity on this Bond?
2.What is the current yield on this bond?
Is this a premium, discount, or par bond?