3. Metro Inc's bonds currently sell for $1,140 and have a par value of $1,000. The bonds mature in 18 years and the YTM is 7.00 percent. What is the coupon? Assume coupon payments are made annually 31 32 33 34 Maturity 18 Years 35 YTM= 0.07 36 Bond Value = $1.140.00 37 Par = $1,000.00 38 Coupon = 39 40 Steagal 40 41 4. Steagall Inc.'s bonds currently sell for $940 and have a par value of $1,000. The coupon rate is 42 6.5 percent. The bond matures in 20 years. What is the yield to maturity (YTM)? Assume coupon 43 payments are made semi-annually 44 45 46 47 Semi-Ann 2 48 Maturity 20 Years 49 Coupon Rate = 0.06 50 Bond Value = $940.00 51 Par = $1,000.00 52 YTM= 52