Digital Empire has 8 percent coupon bonds on the market with 12 years to maturity, and the par value of $1,000. At what price should the bonds be selling for if YTM is 6%? (note: coupons are paid semi-annually)

Had the bond been selling at $985.50, what would be the YTM (assuming the same coupon, maturity and par value)? Based on your answers above, what is the relationship between YTM and bond price