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3. On 15 December 2022, JPM 2.625% bonds maturing on 15 December 2024 were trading at $101.55 per $100 face value. These bonds pay semi-annual

3. On 15 December 2022, JPM 2.625% bonds maturing on 15 December 2024 were trading at $101.55 per $100 face value. These bonds pay semi-annual coupons of 2.625%/2, on 15 June 2023, 15 December 2023, 15 June 2024, and 15 December 2024. a) Please compute the yield-to-maturity, assuming compounding two times per year

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