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A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 8.00%. (Do not round intermediate
A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 8.00%. (Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.) a. What is the yield to maturity if the bond is selling for $1,010? Answer is complete but not entirely correct. Yield to maturity 4.950 % B b. What is the yield to maturity if the bond is selling for $1,000? Answer is complete and correct. Yield to maturity 8.000 %
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