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a. In 2011. Conoco issued $100 million face value bonds with an 8.2%. coupon rate and a maturity date of 2031. As of today those

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a. In 2011. Conoco issued $100 million face value bonds with an 8.2%. coupon rate and a maturity date of 2031. As of today those bonds are trading at 96.8. What is the yield to maturity on those bonds as of today (2021)? b. You travel through time to the year 2025. Assuming the yield to maturity (YTM) on these Conoco bonds is 7.5% at that time, at what price should the bonds be trading (in 2025)? c. Given what you know about the determinants of interest rates, identify a couple of reasons that the Conoco bonds' YTM would change as it did from 2021 to 2025. 1

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