Arnot International's bonds have a current market price of $$1,200.$ The bonds have an $11\%$ annual coupon payment and $10$ years left until maturity.

What is the yield to maturity?

$N$

I$/$Y

PV

PMT

FV

$\backslash$table$[[\backslash$table$[[2.$ A bond trader purchased each of the following bonds at a yield to maturity of $9\%.$ Immediately after she$],[$purchased the bonds, interest rates fell to $6\%.$ What is the price of each bond after the decline in interest$],[$rates$?$ Fill in the following table. List the calculator keys, entries and the percentage change in bond$],[$prices$.]]],[,$Price @ $9\%,$Price @ $6\%,\%$ Change$],[10$ year $7$ coupon bond,$N\frac{\text{I}}{Y}PVPMTFV,$N I$/$Y PV PMT FV$,],[\backslash$table$[[10$ year zero$],[$coupon bond$]],$N I$/$Y PV PMT FV$,$N I$/$Y PV PMT FV$,]]$