A bond's market price is

$700.

It has a

$1,000

par value, will mature in

8

years, and has a coupon interest rate of

11

percent annual interest, but makes its interest payments semiannually. What is the bond's yield to maturity

The bond's yield to maturity if it matures in

8

years is

enter your response here%.

(Round to two decimal places.)

Part 2

b.The bond's yield to maturity if it matures in

16

years is

enter your response here%.

(Round to two decimal places.)

Part 3

c.The bond's yield to maturity if it matures in

4

years is

enter your response here%.

(Round to two decimal places.)