Caretta Class: Date: Do the Math 14-6 Yield, Price, and YTM A corporate bond maturing in 15 years with a coupon rate of 10.9 percent was purchased for $960 and it now selling for $990 a. What is its current yield? Round your answer to one decimal place. %% b. What will be its selling price in two years if comparable market interest rates drop 4.9 percentage points? (Hint: Use Appendix A-2 and Appendix A-4 or the Garman/Forgue companion website.) Round Present Value of a Single Amount and Present Value of Series of Equal Amounts in intermediate calculations to four decimal places. Round your answer to the nearest cent. S e. Calculate the bond's YTM using Equation 14.5 or the Garman/Forgue companion website. Round your answer to two decimal places. % Do the Math 14-7 ield, Price, and YTM