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Yield to maturity Heymann Company bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and

Yield to maturity

Heymann Company bonds have 5 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 10%.

A. What is the yield to maturity at a current market price of

a. $863? Round your answer to two decimal places. %

b. $1,197? Round your answer to two decimal places.%

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