22 A 4% coupon rate bond makes annual interest rate payments. Par value is $1,000. yields on bonds with similar risk are 5%, the bond has seven years to maturity. 932.21 936.24 942.14 945.77 23 A 9% coupon rate bond makes annual interest rate payments. Par value is $1,000. yields on bonds with similar risk are 9%, the bond has four years to maturity 800.00 900.00 1,000.00 1,100.00 24 A 12% coupon rate bond makes annual interest rate payments. Par value is $10,000. yields on bonds with similar risk are 10%, the bond has eight years to maturity. 10,921.20 10,938.2:2 11,000.22 11,066.98 25 A 7.5% coupon rate bond makes annual interest rate payments. Par value is $1,000. yields on bonds with similar risk are 7.25%, the bond has four years to maturity. 1,008.42 1,009.43 1,010.44 1,011.45 BONUS QUESTION: We will revisit this concept, YTM in Chapter 9-Capital Budgeting 26 A $1,000,000 bond with a 6% coupon rate has 7 years to maturity, it is selling for $735,750. Calculate the bond's yield to maturity (solve for the bond's interest or required rate...go to YouTube if needed) a. b. C. d. 6.10% 9.30% 11.74% 13.75% For straight bonds, Yield to Maturity (YTM) is calculated the same as Internal Rate or Return. It's not easy to do long-hand. You'll need to learn how to use your calculator/instrument