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4. The approximate yield to maturity of a 14 percent coupon rate, $1,000 par value bond priced at $1,160 if it has 16 years to

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4. The approximate yield to maturity of a 14 percent coupon rate, $1,000 par value bond priced at $1,160 if it has 16 years to maturity is 10.8%. * True O False 5. Bond ABC has 5 years remaining till maturity, $1000 face value, 15% coupon rate and selling above par. To buy this bond in the market you have to a price that equals to $1,085. * True False

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