What type of bond is this

Reference no: EM133559697

Question: Huntsville Enterprise's bonds have a 20-year maturity, a yield to maturity of 8.20%, and an annual coupon rate of 8.60%. The bond makes semi-annual payments. Complete the following questions: The bond's current price = 544.72 Enter your answer as a number with two decimal places of precision (i.e. 1.23) and no dollar signs or commas. Do not enter your answer as a negative number. The bond's current yield? = 0.1579 Enter your answer as a decimal with a leading zero and 4 decimal places of precision (i.e. 0.1234) HINT: Recall the current yield equals the annual payment divided by the bond's price. What type of bond is this? premium Base your answer on the bond's relationship between the yield to maturity and coupon rate. HINT: is the bond a premium, par, or discount bond?

Reference no: EM133559697

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