5 question

2,000,000/(1.06)4 =8.93 Thus, the grand prize is worth 8.93 million. 4. Which $1000 bond has the higher yield to maturity, a 20-year bond selling for $800 with a current yield of 15% or a 1-year bond selling for $800 with a cu rent yield of 5%? Ans - 5.Consider a coupon bond that has a $1000 par value and a coupon rate of 10%. The bond is currently selling for $1044.89 and has two years to maturity. What is the bond's yield to maturity