(Related to Checkpoint 9.2) (Yield to maturity) The market price is $1,150 for a 13-year bond ($1,000 par value) that pays 11 percent annual interest, but makes interest payments on a semiannual basis ( 5.5 percent semiannually). What is the bond's yield to maturity? The bond's yield to maturity is \%. (Round to two decimal places.) (Bond valuation) Enterprise, Inc. bonds have an annual coupon rate of 14 percent. The interest is paid semiannually and the bonds mature in 14 years. Their par value is $1,000. If the market's required yield to maturity on a comparable-risk bond is 13 percent, what is the value of the bond? What is its value if the interest is paid annually? a. The value of the Enterprise bonds if the interest is paid semiannually is $ (Round to the neparest cent.) (Yield to maturity) A bond's market price is $775. It has a $1,000 par value, will mature in 14 years, and has a coupon interest rate of 12 percent annual interest, but makes its interest payments semiannually. What is the bond's yield to maturity? What happens to the bond's yield to maturity if the bond matures in 28 years? What if it matures in 7 years? a. The bond's yield to maturity if it matures in 14 years is \%. (Round to two decimal places.), (Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 12 percent interest annually and have 15 years until maturity. You can purchase the bond for $1,065. a. What is the yield to maturity on this bond? b. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 13 percent? a. The yield to maturity on the Saleemi bonds is \%. (Round to two decimal places.)