Problem 7-9 Yield to maturity

Heymann Company bonds have 4 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 8%.

1. What is the yield to maturity at a current market price of
   1. $827? Round your answer to two decimal places.%
   2. $1,044? Round your answer to two decimal places.%