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5 years ago, Coburg Inc. issued a 15 -year bond that carried an 8% coupon rate with semi-annual payments. The bond has a $1,000 face

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5 years ago, Coburg Inc. issued a 15 -year bond that carried an 8% coupon rate with semi-annual payments. The bond has a $1,000 face value and the bond was sold at par at the issuance. Today (i.e. 5 years after its issuance) this bond is priced at $985, and the bond just made a coupon payment yesterday. - What is the yield to maturity for this bond? - If Coburg Inc. now wants to issue a new 10 -year bond with $1000 face value and a 10% coupon rate paid semi-annually, what price should they expect to receive

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