10. Deddington Teddies Corporation has bonds on the market with 10.5 years to maturity, a YTM of 5.7% and a current price of $945. The bonds have a face value of $1000 and make half-yearly payments. What must the coupon rate be on Deddington Teddies' bonds? 11. Birchip Wood Chip Ltd issued 15-year bonds one year ago at a coupon rate of 4.8%. The bonds have a face value of $1000 and make half-yearly payments. If the YTM on these bonds is 5.3%, what is the current bond price