P6-22 (similar to) Yield to maturity spreadsheet.) The bond shown in the following table pays interest annually. (Click on the icon here in order to copy the conter Years to maturity Par value $1,000 Coupon interest rate 11% Current value $1,570 20 a. Calculate the yield to maturity (YTM) for the bond. b. What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a bond? Explain. a. The yield to maturity (YTM) for the bond is %. (Round to two decimal places.)