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Harriman Industries bonds have 5 years left to maturity. Interest is paid annually, and the bands have a $1,000 par value and a coupon rate

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Harriman Industries bonds have 5 years left to maturity. Interest is paid annually, and the bands have a $1,000 par value and a coupon rate of 8% What is the yield to maturity at a current market price of 1. $7467 Round your answer to two decimal places 2. $1,0497 Round your answer to two decimal places b. Would you pay $746 for each bond if you thought that a "fair market interest rate for such bonds was 141-that is, ifta 1497 1 You would buy the bond as long as the yield to maturity at this price is less than your required rate of retum. IL You would buy the bond as long as the yield to maturity at this price equals your required rate of return IL You would not buy the bond as long as the yield to maturity at this price is greater than your required rate of return IV. You would not buy the bond as long as the yield to maturity at this price is less than the coupon rate on the bond, V. You would buy the bond as long as the yield to maturity at this price is greater than your required rate of return

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