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Consider the bonds below as they are priced today Bond A Bond B Par Value $ 1 , 0 0 0 $ 1 , 0

Consider the bonds below as they are priced today
Bond A Bond B
Par Value $1,000 $1,000
Number of years to maturity 911
Coupon Rate 7.00%8.00%
Price today $1,165.00 $1,165.00
YTM today 4.71%5.92%
What is the highest YTM at which Bond B would be priced at a premium?

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