Question $3$:

What is the yield to maturity for each of the following bonds. Show the interest rate to two decimal points $($e$.$g$.12\mathrm{.}25\%).$

Par value $$1,000,$ coupon rate $8\%,10$ years to maturity, quarterly payments with a price of $$1,000.$

Par value $$1,000,$ coupon rate $8\%,10$ years to maturity, annual payments, price $$850.$