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.

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.$)$