3 Question 2 (0.000/ points) Bauer Inc's bonds currently sell for $1,275 and have a par value of $1,000. They pay a $70 annual coupon and have a 20-year maturity. What is their yield to maturity (YTM)? 6 a) 3.98% Ob) 3.13% c) 4.83% 12 d) 2.27% 15 e) 5.67% Question 3 (6.6667 points) Leggio Corporation issued 20-year, 8% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds has dropped to 6%. What is the new price of the bonds, given that they now have 19 years to maturity? a) $1,241.71 b) $1,223.16