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2. Calculate the approximate yield-to-maturity yield on each of the following: Assume that the bond is purchased in 2020 on the same day of the

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2. Calculate the approximate yield-to-maturity yield on each of the following: Assume that the bond is purchased in 2020 on the same day of the year that it was initially issued (i.e., use full years in calculating time to maturity). Issuer Maturity Coupon Price Alcan Sept. 30/34 5.2% 97.50 Canada 12.50% 144.40 Sept. 30/30 Oct. 1/28 Rogers Cable 9.00% 104.50 Nova Oct. 1/25 7.75% 100.60

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