20-22) Determine the realized yield (ARY) on the following investments. Bond Purchase Price Sales Price Coupon Rate Holding Period YTC 20 $ 1,075.00 $ 1,285.00 8% 3 21 $ 975.00 $ 1,155.00 10% 5 22 $ 1,325.00 $ 985.00 12% 8 (23 - 25) Assume that the expectations of one year interest rates are as follows: Year 1 6% Year 2 5% Year 3 8% Year 4 5% Based upon the Expectations Theory, determine the: (23) Interest rate on a security with a 2 year maturity (24) Interest rate on a security with a 3 year maturity (25) Interest rate on a security with a 4 year maturity 4