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7 Problem 14-12 5.55 points A 20-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 7%. Find

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7 Problem 14-12 5.55 points A 20-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 7%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. (Round your answers to 2 decimal places.) Bond Prices Answer is complete but not entirely correct. Bond Equivalent Annual Yield to Effective Annual Yield to Maturity Maturity 7.59 % 7.66 % 7.00 % 7.12 X % 6.64 % 6.75 X % a. S b. s 940 1,000 1,040 b. c. % IS

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