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Blossom Corp issued $10-$year bonds four years ago with a coupon rate of $9\mathrm{.}390$ percent. At the time of issue, the bonds sold at par. Today bonds of similar risk and maturity must pay an annual coupon of $7\mathrm{.}30$ percent to sell at par value. Assuming semiannual coupon payments.

Problem $8\mathrm{.}26$ a$-$b $($Solution Video$)($a$)$

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What is the bond's yield to maturity? $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Bond's yield to maturity $\%$

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dulius yiela to maturity $\%$

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Problem $8\mathrm{.}26a-$b $($Solution Video$)($b$)$

What is the current market price of the frrm$\text{'}$s bonds? $(($Round intermediate calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25145$ and final answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Current market price

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