Ivanhoe Corp issued 10-year bonds four years ago with a coupon rate of 10.120 percent. At the time of issue, the bonds sold at par. Today bonds of similar risk and maturity must pay an annual coupon of 4.94 percent to sell at par value. Assuming semiannual coupon payments.

(a)

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What is the bonds yield to maturity? (Round answer to 2 decimal places, e.g. 15.25.)

Bonds yield to maturity

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(b)

What is the current market price of the firms bonds? (Round answer to 2 decimal places, e.g. 15.25.)