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7. Bond Yields [LO2] New Earth Corp. issued 20-year bonds two years ago at a coupon rate of 8 percent. The bonds make semiannual payments.

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7. Bond Yields [LO2] New Earth Corp. issued 20-year bonds two years ago at a coupon rate of 8 percent. The bonds make semiannual payments. If these bonds currently sell for 105 percent of par value, what is the YTM? 8. Coupon Rates [LO2] Angsana Corporation has bonds on the market with 30 years to maturity, a YTM of 9 percent, and a current price of $900. The bonds make semiannual payments. What must the coupon rate be on these bonds

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