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b) Eishare Co. issued 10 -year bonds at a coupon rate of 5.6%. The bonds make monthly payments. If the Yield to Maturity on these

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b) Eishare Co. issued 10 -year bonds at a coupon rate of 5.6%. The bonds make monthly payments. If the Yield to Maturity on these bonds is 4.5%, what is current bond price? (3 marks) c) What is the relationship between the coupon rate and Yield to Maturity for premium bonds? What about discount bonds? For bonds selling at par? (3 marks) d) Bellevue Corp. has bonds on the market with 16 years to maturity, a Yield to Maturity of 9%, selling at $1,088. The bonds make semiannual payments. What must the coupon rate be on these bonds? (2 marks)

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