Carla Vista Corp issued 10-year bonds four years ago with a coupon rate of 10.020 percent. At the time of issue, the bonds sold at par. Today bonds of similar risk and maturity must pay an annual coupon of 8.95 percent to sell at par value. Assuming semiannual coupon payments.

Your answer is correct. What is the bond's yield to maturity? (Round answer to 2 decimal places, e.g. 15.25.) Bond's yield to maturity 8.95 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION LINK TO TEXT (b) What is the current market price of the firm's bonds? (Round answer to 2 decimal places, e.g. 15.25.) Current market price Click if you would like to Show Work for this question: Open Show Work