Bond Valuation Assume that you are considering the purchase of a 20-year, non- callable bond with an annual coupon rate of 9.5%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require an 8.4% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? Yield to Maturity Radoski Corporation's bonds make an annual coupon interest payment of 7.35%. The bonds have a par value of $1,000, a current price of $1,130, and mature in 12 years. What is the yield to maturity on these bonds? Yield to Call Sadik Inc.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call (YTC)? YTM and YTC McCue Inc.'s bonds currently sell for $1,250. They pay a S90 annual coupon, have a 25-year maturity, and a $1,000 par value, but they can be called in 5 years at $1,050. Assume that no costs other than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal, with rates expected to remain at current levels on into the future. What is the difference between this bond's YTM and YTC?Suppose you buy an 8 percent coupon bond today for $950. The bond has a face value of $1,000, has 16 years until maturity, and pays interest semi-annually. When you initially purchase the bond, what rate of return (YTM) do you expect to earn on your investment? Four years after purchasing the bond you decide to sell it. At that time the YTM on your bond has decreased by 1.5 percent. What price should the bond sell for? What is the realized yield on your investment