Problem 14-12 A 15-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 8%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. (Round your answers to 2 decimal places.) Bond Prices Bond Equivalent Annual Yield to Maturity % Effective Annual Yield to Maturity % % a. GA b. $ $ 950 1,000 1.050 % % C. % a. Calculate the yield to maturity for a bond with a maturity of (1) one year (t) two years: (1) three years; (iv) four years. (Do not round intermediate calculations. Round your answers to two decimal places.) YTM % Maturity (Years) Price of Bond 1 $ 973.40 2 $ 919.97 3 5 84162 4 $ 788.89 % % b. Calculate the forward rate for the second year: tu) the third year: (m) the fourth year (Do not round intermediate calculations Round your answers to two decimal places.) Maturity (years) Price of Bond N 1 2 3 $ 973.40 919.92 841.62 788.89 Comard Rate