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Problem 7-9 Yield to maturity Heymann Company bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par

Problem 7-9 Yield to maturity

Heymann Company bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%.

  1. What is the yield to maturity at a current market price of
    1. $818? Round your answer to two decimal places.%
    2. $1,163? Round your answer to two decimal places.%

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