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Yield to Maturity and Required Returns The Brownstone Corporation's bonds have 5 years remaining to maturity. Interest is paid annually, the bonds have a $1,000

Yield to Maturity and Required Returns

The Brownstone Corporation's bonds have 5 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 9%.

a. What is the yield to maturity at a current market price of $833? Round your answer to two decimal places.

b. What is the yield to maturity at a current market price of $1,104? Round your answer to two decimal places.

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