Problem $6-9$ Bond Pricing $($LO$2)$

A $20-$year maturity bond with face value of $$1,000$ makes annual coupon payments and has a coupon rate of $8\mathrm{.}5\%.$

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to $3$ decimal places.

a$.$ What is the bond's yield to maturity if the bond is selling for $$1,000?$

Yield to maturity

b$.$ What is the bond's yield to maturity if the bond is selling for $$950?$

Yield to maturity

c$.$ What is the bond's yield to maturity if the bond is selling for $$1,150?$