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Problem 3 - 1 0 ( LG 3 - 2 ) Calculate the yield to maturity on the following bonds: a . A 9 .

Problem 3-10(LG 3-2)
Calculate the yield to maturity on the following bonds:
a. A 9.4 percent coupon (paid semiannually) bond, with a $1,000 face value and 19 years remaining to maturity. The bond is selling at $965.
b. An 8.4 percent coupon (paid quarterly) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $901.
c. An 11.4 percent coupon (paid annually) bond, with a $1,000 face value and 6 years remaining to maturity. The bond is selling at $1,051.
(For all requirements, do not round intermediate calculations. Round your percentage answers to 3 decimal places. (e.g.,32.161))
\table[[a.,Yield to maturity,% per year],[b.,Yield to maturity,% per year],[c.,Yield to maturity,% per year]]
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