Q 2 Let's say we have a $1,000-par value bond issued on 1 January 2011 paying 3.5% semi-annual coupons. The bond had a maturity of 10 years when issued. Calculate the bond's yield to maturity at the following dates and prices: Date 1-Jan-13 1-Jan-15 1-Jan-16 1-Jan-18 Price $1,015 $990 $950 $1,030 As at 1 Jan 2013, the bond has 8 years till maturity, its coupon rate is 3.5% which is paid twice a year, the current price is $1,015 so we can create the following equation to solve for yield to maturity