Q14. The following is a list of prices for zero-coupon bonds with different maturities and par values of $1,000. Maturity (Years) 1 2 3 4 Price $943.40 881.68 808.88 742.09 What is the yield to maturity on a 3-year zero-coupon bond? Q.16 Which of the following two bonds is more price sensitive to changes in interest rates? 1) A par value bond, X, with a 5-year year to maturity and a 10% coupon rate. 2) A zero-coupon bond, Y, with a 5-year year to maturity and a 10% yield to maturity.