What is the yield to maturity for the following bonds? Assume these are bonds issued in the U.S. Use the Excel RATE function to solve.

(a)

10 years to maturity, 6% coupon rate, current price is $950. (Round answer to 2 decimal places, e.g. 52.75.)

Yield to maturity

(b)

16 years to maturity, 0% coupon rate, current price is $339. (Round answer to 2 decimal places, e.g. 52.75.)

Yield to maturity

(c)

25 years to maturity, 8.5% coupon rate, current price is $1,030. (Round answer to 2 decimal places, e.g. 52.75.)

Yield to maturity