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A 2-year bond with par value $1,000 making annual coupon payments of $96 is priced at $1,000. a. What is the yield to maturity of

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A 2-year bond with par value $1,000 making annual coupon payments of $96 is priced at $1,000. a. What is the yield to maturity of the bond? (Round your answer to 1 decimal place.) Answer is complete and correct. Yield to maturity 9.6 % b. What will be the realized compound yield to maturity if the 1-year interest rate next year turns out to be (1) 7%, (ii) 9%, (iii) 11%? (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Realized YTM 7% 9% 12.03 X % 9.30 X % 10.30 X % 11%

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