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6. The YTM on a 10 percent, 15 -year bond is 12 percent. What is the price of this bond? a. $714.28 b. $1148.77 c.

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6. The YTM on a 10 percent, 15 -year bond is 12 percent. What is the price of this bond? a. $714.28 b. $1148.77 c. $862.34 d. $1065.44 7. A 10 -year, 7 percent coupon bond is priced at $950. The semiannual YTM of this bond is? a. 5.21% b. 3.86% c. 2.98% d. 6.72%

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