A 20-year maturity bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 8.8%. (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.) a. What is the bond's yield to maturity if the bond is selling for $980? Yield to maturity % b. What is the bond's yield to maturity if the bond is selling for $1,000? Yield to maturity % c. What is the bond's yield to maturity if the bond is selling for S1380? Yield to maturity Prny 353 NOY Problem 6-8 Bond Pricing (LO2) A 5-year Circular File bond with a face value of $1,000 pays interest once a year of $45 and sells for $964. a. What are its coupon rate and yield to maturity? (Do not round intermediate calculations. Enter the coupon rate as a whole percent and the yield to maturity as a percent rounded to 2 decimal places.) Coupon rate Yield to maturity $% 4.80 b. Circular wants to issue a new 5 year bond at foce value, what coupon rate must the bond offer? (Do not round Intermediate calculations, Enter your answer as a percent rounded to 2 decimal places.) Coupon rate 483