A bond of telink corporation pays $100 in annual interest, with a $1000 par value. The bonds mature in 15 years. The markets required yield to maturity on a comparable-risk bond is 9 percent.

a.calculate the value of the bond.

b. how does the value change if the markets required yield to maturity on a comparable-risk bond increases to 14 percent or decreases to 4 percent?

c. Interpret your findingd in parts a and b.

(yield to maturity) The market price is $1,200 for a 20- year bond ($1,000 par value) that pays 8 percent annual interest, but makes interest payments on a semiannual basis (4 percent semiannually). What is the bond's yield to maturity?