Question 2: The Great Northern Specific Railway has non- callable, perpetual bonds outstanding. When originally issued, the perpetual bonds sold for $955 per bond; today (January 1) their current market price is $1,600 per bond. The company pays a semiannual interest payment of 12% per bond on June 30 and December 31 each year. a. As of today (January 1), what is the implied semiannual yield on these bonds? b. Assume that everything stated in Problem 11 remains the same except that the bonds are not perpetual. Instead, they have a $1,000 par value and mature in 10 years. Determine the implied semiannual yield to maturity (YTM) on these bonds. (Tip: If all you have to work with are present value tables, you can still determine an approximation of the semiannual YTM by making use of a trial-and-error procedure coupled with interpolation