QUESTION 16 "A 10-year 8% coupon bond that has par value of $1,000 and is selling today at a $50 premium to its par value. What's the bond's yield to maturity?" a. 8.00% b. 9.21% c. 7.28% d. 12.00% QUESTION 17 "A bank buys bonds with a par value of $25 million for $27 million. The coupon is 10 percent, and the bonds mature in five years. The bank wants to sell them in two years and estimates the interest rate in two years will be 8.7 percent. What will the market value of the bonds be in two years?" a. $25.83 b. $27.38 c. $25.57 d. $27.27