General Motors's bonds have 10 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon rate is 8 percent. The bonds have a yield to maturity of 9 percent. What is the current market price of these bonds? 2. A 10 - year, 12 percent semiannual coupon bond, with a par value of $1,000 sells for $1,100. What is the bond's yield to maturity