For problens 20-24, assurne you just bought a 6.9% $1,000 bond for $920, immediately after the annual interest payment was paid to the previous owner The bond matures in 12 years. 0. What is the YTM? 22 . Why were you able to buy this bond for less than the $1,000 face value? Why was your YTM greater than the 6.9% coupon rate? You sell the bond in 6 years for $1,040, less brokerage fees of $35. What is your yield during ownership? Why is your yield during ownership greater than the YTM? Homework Assianments