The ABC Corporation issued a new series of bonds on January 1, 2000. The bonds were sold at par value($1,000), have 8% coupon, and mature in 20 years. Coupon payments are made annually.

a) What was the YTM of the bonds on January 1, 2000?___

B) What was the price of the bonds on January 1, 2005, assuming that the level of interest rates fell to 5 %?____

C) On January 1, 2007 the bonds sold for 1,166.13. What was the YTM at that date?