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Yield to maturity The bond shown in the following table pays interest annually. (Click on the icon here in order to copy the contents

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.) a. Calculate the yield to maturity (YTM) for the bond. Par value $500 Coupon interest rate 8% Years to maturity 15 Current value $390 b. What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a bond? Explain. a. The yield to maturity (YTM) for the bond is %. (Round to two decimal places.)

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