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2 Echo Inc. bonds mature in 12 years and sell for 1228.70 The yield to maturity is 8%. Find the coupon rate, Round intermediate steps

2 Echo Inc. bonds mature in 12 years and sell for 1228.70 The yield to maturity is 8%. Find the coupon rate, Round intermediate steps and your final answer to four decimals. Enter your answer in decimal format (ex XXXXXX) QUESTION 3 The yield to maturity assumes that interest payments that a bondholder receives are reinvested at an interest rate equal to the yield to maturity O True O False QUESTION 4 Utopia bonds were issued 5 years ago and mature in 25 years. The bonds are callable in 6 years at a 3% call premium. These bonds currently sell for $885 and carry a 6% coupon rate Find the yield to call Round intermediate steps and your final answer to four decimals Enter your answer in decimal format (ex XXXXXX) 6.25 6

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