P6-21 (similar to) Yield to maturity The Salem Company bond currently sells for $1,066.30, has a coupon interest rate of 13% and a $1000 par valve pays interest annuaily, and has 12 years to maturity, a. Calculate the yield to maturity (YTM) on this bond b. Explain the relationship that exists between the coupon Interest rate and yield to maturity and the par value and market value of a bond, . The yield to maturity on this bond in %. Round to three decimal places)