Yield to maturity$$The bond shown in the following table pays interest annually. $($Click on the icon here in order to copy the contents of the data table below into a$$ spreadsheet.$)$

Par value

Coupon interest rate

Years to maturity

Current value

$$$$1$ comma $000$

$14\%$

$19$

$$$$2$ comma $080$

a$.$ Calculate the yield to maturity$($YTM$)$ for the bond.

b$.$ What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a$$ bond? Explain.

Question content area bottom

Part $1$

a$.$ The yield to maturity$($YTM$)$ for the bond is

$$

enter your response here$\%.($Round to two decimal$$ places.$)$