A 30-year maturity bond with face value of $1,000 makes semiannual coupon payments and has a coupon rate of 10%.
a. What is the bond’s yield to maturity if the bond is selling for $1,020? Enter annual yield to maturity as your answer. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
Annual yield to maturity %
b. What is the bond’s yield to maturity if the bond is selling for $1,000? Enter annual yield to maturity as your answer. (Do not round intermediate calculations.)
Annual yield to maturity %
c. What is the bond’s yield to maturity if the bond is selling for $1,220? Enter annual yield to maturity as your answer. (Do not round intermediate calculations. Round your answer to 3 decimal places.)
Annual yield to maturity %