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One of P&G's bonds is an annual pay, fixed-coupon bond with a 5% coupon rate, and 15 years left to maturity. If the bond is

One of P&G's bonds is an annual pay, fixed-coupon bond with a 5% coupon rate, and 15 years left to maturity. If the bond is sold at 123% of par value, What is yield to maturity of the bond? Note that the price is % of par value. For example, 120% suggests, $1,200 price $1,000 par value bond (or $120 price for $100 par value).

P&G has semiannual coupon bonds with a 5% coupon rate and 12 years remaining to maturity. The bonds are selling for 70% of par value. What is the (Annual) Yield of maturity of the bonds? Note that the price is % of par value. For example, 120% suggest $1,200 price of $1,000 par value (or $120 price for $100 par value)

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