5. The 7.9 percent bonds issued by Modern Kitchens pay interest semiannually, mature in eight years, and have a $1,000 face value. Currently, the binds sell for $950. What is the yield to maturity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,e.g 32.16)

a.Dexter Mills issued 30 year binds one year ago at a coupon rate of 9.1 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM is 8.5%, what is the current bond price? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,e.g 32.16)

b.You are purchasing a 11 year, zero coupon bond. The yield to maturity is 7.7 percent and the face value is $1,000. What is the current market price? Assume semiannul compounding. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,e.g 32.16)