Present Value of a Single Amount (\$1) (Used to Compute the Discounted Present Value of Some YTM=(FV+CV)/2I+[(FVCV)/N] where I= Interest paid annually in dollars FV= Face value CV= current value (price) N= Number of years until maturity A corporate bond maturing in 15 years with a coupon rate of 7.9 percent was purchased for $950 and it now selling for $1,000. a. What is its current yield? Round your answer to one decimal place. % b. What will be its selling price in two years if comparable market interest rates drop 1.9 percentage points? (Hint: Use Appendix A-2 and Appendix A-4 or the Garman/Forgue companion website.) Round Present Value of a Single Amount and Present Value of Series of Equal Amounts in intermediate calculations to four decimal places. Round your answer to the nearest cent. $ c. Calculate the bond's YTM using Equation 14.5 or the Garman/Forgue companion website. Round your answer to two decimal places. % Present Value of a Series of Equal Amounts (an Annuity of $1 Received at the End of Each Period) (Used to Compute the Discounted Present Value of a Stream of Income Pavments)