1. A 9% semiannual coupon bond matures in 4 years. The bond has a face value...

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Finance

1. A 9% semiannual coupon bond matures in 4 years. The bond hasa face value of $1,000 and a current yield of 8.9704%.
a) What is the bond's price? Do not round intermediatecalculations. Round your answer to the nearest cent.
2. What is the bond's YTM? Do not round intermediatecalculations. Round your answers to two decimalplaces.

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Information providedFace value future value 1000Time 4 years2 8 semiannual periodsCoupon rate 92 450Coupon payment 00451000 See Answer

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1. A 9% semiannual coupon bond matures in 4 years. The bond hasa face value of $1,000 and a current yield of 8.9704%.a) What is the bond's price? Do not round intermediatecalculations. Round your answer to the nearest cent.2. What is the bond's YTM? Do not round intermediatecalculations. Round your answers to two decimalplaces.