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Problem 15-13 Prices of zero-coupon bonds reveal the following pattern of forward rates: Year Forward Rate WN In addition to the zero-coupon bond, investors also

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Problem 15-13 Prices of zero-coupon bonds reveal the following pattern of forward rates: Year Forward Rate WN In addition to the zero-coupon bond, investors also may purchase a 3-year bond making annual payments of $60 with par value $1,000. a. What is the price of the coupon bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price b. What is the yield to maturity of the coupon bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to maturity %

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