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Problem 14-9 Consider an 7.0% coupon bond selling for $953.00 with three years until maturity making annual coupon payments. The interest rates in the next

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Problem 14-9 Consider an 7.0% coupon bond selling for $953.00 with three years until maturity making annual coupon payments. The interest rates in the next three years will be, with certainty, r = 7%, r2 = 8%, and r3 = 11%. Calculate the bond's (a) yield to maturity and (b) realized compound yield. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. 8.85 % Yield to maturity Realized compound yield 9.22 X %

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