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Yieid to maturity The Sakem Company bond currently sells for 51,04798 , has a coupon interest rate of 11% and a 51000 par value, pays

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Yieid to maturity The Sakem Company bond currently sells for 51,04798 , has a coupon interest rate of 11% and a 51000 par value, pays interest aninually, and has 12 years to matuity a. Calculate the yield to maturity (YTM) on this bond b. Explain the relatoonship that exhts between the coupon interest rate and yicld to maturity and the par value and market value of a bond a. The ywid to matunity on this bond is . 4 . (Round to thee decimal places.)

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