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1. Suppose you buy a 2 year 5% bond that has a yield to maturity (YTM) of 6%. What is the price of the

1. Suppose you buy a 2 year 5% bond that has a yield to maturity (YTM) of 6%. What is the price of the bond? Suppose you buy a 30 year bond that pays a 6% coupon for the first 15 years and an 8% coupon for the last 15 years. The YTM of this bond is 7%. What is the price of the bond?

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