A $1,000 face value bond, with an annual coupon of $40, one year to maturity and a purchase price of $980 has a:
A. A current yield that equals 4.08% and a yield to maturity that equals 4.0%.
B. current yield that equals 4.00%.
C. current yield that equals 4.08% and a yield to maturity that equals 6.12%.
D. coupon rate that equals 4.08%.
Answer: C
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