25 and 26

J 15 0.0071 25. What is the yield to maturity (YTM) of a $1000 par value bond that current sells for $888.42, assuming that the bond has a coupon rate of 6.4% (annual payments) and 16 years remaining to maturity? 26. Zeus Industry issued a bond, which pays coupon interest semi-annually and has 30 years to maturity. The bond's par value is $1,000, the current market price is $1,059.34, and the yield to maturity is 7.50%. The bond's coupon rate is %