Calculate the yield to maturity on the following bonds. ...
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Calculate the yield to maturity on the following bonds.
| a. | A 9 percent coupon (paid semiannually) bond, with a $1,000 face value and 15 years remaining to maturity. The bond is selling at $985. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) |
| Yield to maturity | % per year |
| b. | An 8 percent coupon (paid quarterly) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $915. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) |
| Yield to maturity | % per year |
| c. | An 11 percent coupon (paid annually) bond, with a $1,000 face value and 6 years remaining to maturity. The bond is selling at $1,065. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) |
| Yield to maturity | % per year |
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