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. 1) Assume a bond has the following characteristics: Years to Maturity: 5 Price $1032 Coupon Rate: 6% Par Value: $1000 Coupon Payments per Year:

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. 1) Assume a bond has the following characteristics: Years to Maturity: 5 Price $1032 Coupon Rate: 6% Par Value: $1000 Coupon Payments per Year: 1 . . a. Find the bond's Yield to Maturity using your financial calculator. b. If the number of coupon payments per year was 4 instead of 1, what would be the bond's new Yield to Maturity

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