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 26 years remaining to maturity? .

26. Zeus Industry issued a bond, which pays coupon interest semi-annually and has 30 years to maturity. The bonds par value is $1,000, the current market price is $1,059.34, and the yield to maturity is 7.50%. The bonds coupon rate is ______%.

27. Peter Parker Corp. plans to issue a $1,000 par value, semi-annual pay bond with 20 years to maturity and a coupon rate of 5.50%. The company expects the bonds to sell for $820.00. MC Incs cost of debt is estimated to be _______%.