7. Suppose an 8% coupon, semiannual, 30-year bond is selling at $1,276.76 with a face value of $1000. Find the approximate YTM. 8. What is the relationship between YTM and coupon rate? How do they affect the selling price of the bond? 9. A 20-year maturity 9% coupon bond paying coupons semiannually is callable in five years at a call price of $1,050. The bond currently sells at a yield to maturity of 8%. What is the yield to call? 10. Calculate the price of a firm with a plowback ratio of .60 if its ROE is 20%. Current earnings, E1, will be $5 per share, and k = 12.5%.