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11. A corporate bond with 5 years to maturity carries a 5.0% coupon rate that pays interest semi-annually and par value $1000. a. If the

11. A corporate bond with 5 years to maturity carries a 5.0% coupon rate that pays interest semi-annually and par value $1000. a. If the asking price is $1017.68, what is the YTM? State in both nominal and effective terms. b. In order to increase the YTM to 4.75%, what must the purchase price be? Use the formula to calculate and check your answer with the financial function of your calculator

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