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14. Bonds that mature in 10 years were recently issued by Smart glass Inc. They have...

14. Bonds that mature in 10 years were recently issued by Smart glass Inc. They have a par value of $1,000 and the annual coupon rate is 5.5%. If the current yield to maturity on similar risk bonds is 7.0%, at what price should the bonds sell?

15. Hamilton Corporation's bonds will mature in 15 years. The bonds have a face value of $1,000 and an 8% coupon rate, paid semiannually. The price of the bonds is $1,050.

What is the yield to maturity of the Hamilton bonds?

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