Semiannual Bonds. The market price is the price as of today (2022).

5. Look at the first 2 bonds. Explain why they have different coupon rates. Explain why they have different YTMs.

6. Look at the Lockheed bonds. Both are A-. Explain why they have different YTMs.

7. If 2 bonds have the same maturity and the same rating but different coupon rates, what would you expect to see for the prices and yields of the bonds? Explain.