Assume that a bond with fi ve years to maturity, a par value of $1,000, and a $60 annual coupon payment costs $1,100 today. What is the coupon rate? What is the current yield? In general, discuss the...

Assume that a bond with fi ve years to maturity, a par value of $1,000, and a $60 annual coupon payment costs $1,100 today. What is the coupon rate? What is the current yield?

In general, discuss the movement of interest rates, the money supply, and prices over the business cycle.