Question

A 25-year maturity bond with face value of $1,000 makes annual coupon payments and has a...

A 25-year maturity bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 8.1%. (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.)

a. What is the bond’s yield to maturity if the bond is selling for $910?

b. What is the bond’s yield to maturity if the bond is selling for $1,000?

c. What is the bond’s yield to maturity if the bond is selling for $1,110?

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