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Ying|Corp. has a $1,000 par value bond outstanding with a coupon rate of 6.9 percent paid semiannually and 15 years to maturity. The yield to

Ying|Corp. has a $1,000 par value bond outstanding with a coupon rate of 6.9 percent paid semiannually and 15 years to maturity. The yield to maturity of the bond is 7.8 percent. What is the current bond price? Answer: John Corp. issued 10-year bonds two years ago at a coupon rate of 6.3 percent. The bonds make semiannual payments. These bonds currently sell for $950. 1. What is the YTM

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