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Harrimon Industries bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate

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Harrimon Industries bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 9% a. What is the yield to maturity at a current market price of 1. $7987 Round your answer to two decimal places 2. $1,1357 Round your answer to two decimal places. b. Would you pay $798 for each bond if you thought that a "fair market interest rate for such bonds was 13% that is in 1347 1. You would buy the bond as long as the yield to maturity at this price is less than your required rate of return IL You would buy the bond as long as the yield to maturity at this price equals your required rate of return III. 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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