As of March 23, 2017, the yield to maturity on one year U.S. Treasury Bills is just 0.96%. You mention to your broker your frustration at earning such a low interest rate. The broker responds by informing you that he can get you into bonds issued by Waterford Inc. that promise much better returns. In particular, the Waterford Bonds pay 6.5% annual coupon interest (on a semi-annual basis, as is typical) on face value of $1000 each, are scheduled to mature on March 23, 2037, and are rated B by both Moodys and S&P. He can get you into these bonds for a price of $920 per bond. What is the yield-to-maturity on the Waterford Bonds? ) Unless your computations are far off base, you should verify that Waterford bonds have a higher yield to maturity than U.S. Treasury Bills. Identify two reasons or risks that the Waterford bonds might not be the better investment despite their higher yield