Madsen Motors's bonds have 5 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 12%, and the yield to maturity is 13%. What is the bond's current market price? Round your answer to the nearest cent. $ A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. % b. Assume that the yield to maturity remains constant for the next two years. What will the price be 2 years from today? Do not round intermediate calculations. Round your answer to the nearest cent. Last year Janet purchased a $1,000 face value corporate bond with a 12% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 12.02%. If Janet sold the bond today for $1,125.31, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. %