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3. Bond Prices. Timmons, Inc., has 9 percent coupon bonds on the market that have 12 years left to maturity. The bonds make annual payments.

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3. Bond Prices. Timmons, Inc., has 9 percent coupon bonds on the market that have 12 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 8 percent, what is the current bond price? 4. Bond Yields. Neverwho Co. has 7 percent coupon bonds on the market with eight years left to maturity. The bonds make annual payments. If the bond currently sells for $902.25, what is its YTM

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