A 20-year, 4% quarterly coupon, $1,000 par value bond is selling for $1,075.31 with. Find its YTM

Question:

A 20-year, 4% quarterly coupon, $1,000 bond is selling for $1,075.31 with. Find its YTM in (a) APR and (b) EAR.
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...