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A 10-year corporate bond has a coupon rate of 12 % with annual payments. If the current value of the bond in the marketplace is

  1. A 10-year corporate bond has a coupon rate of 12% with annual payments. If the current value of the bond in the marketplace is $900, then what is the Yield-to-Maturity (YTM)?

  1. A 100-year corporate bond has a coupon rate of 12% with semi-annual payments. If the current value of the bond in the marketplace is $400, then what is the Yield-to-Maturity (YTM)?

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