(a) Show the cash flows for the following four bonds, each of which has a par value...

Question:

(a) Show the cash flows for the following four bonds, each of which has a par value of $1,000 and pays interest semiannually.

(b) Calculate the yield to maturity for the four bonds.

Bond	Coupon Rate(%)	Number of Yearsto Maturity	Price
W	7	5	$884.20
X	8	7	$948.90
Y	9	4	$967.70
Z	0	10	$456.39

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest... 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,...