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he sto for the following questions, assume the normal case that coupon payments are semi-annual a. What is the yield to maturity on a 15-year,

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he sto for the following questions, assume the normal case that coupon payments are semi-annual a. What is the yield to maturity on a 15-year, 8% coupon bond if the bond is currently selling for $1,000? b. For the bond above, suppose that immediately after purchase market rates change to 3.00% If you hold the bond for 6 years and then sell it, what is your effective annual retum on this investment? eta a The YTM is % (enter response rounded to decimal places, 10, xxx%) b. Your effective annual return is % (enter response rounded to decimal places, lo, Xxx%) fing 001 tin

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