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2. a) Suppose you buy a 3 year 8% bond that has a YTM of 5%. What is the price of the bond? b) You

2. a) Suppose you buy a 3 year 8% bond that has a YTM of 5%. What is the price of the bond?

b) You buy a 10 year 9% bond that has a YTM of 14%. What is the price of the bond? c)Suppose you buy a 30 year 6.5% bond that has a YTM of 7.5%. What is the price of the bond?

d) Suppose you buy a 6 year 12% bond that has a YTM of 8%. What is the price of the bond?

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