1. A semiannual coupon bond with coupon rate of 10% and face value of $1000 trades at $1300. It matures in 9 years. What is its yield to maturity (YTM)? Answer in percent and round to two decimal places.
2. A 5 year semiannual coupon bond with a face value of $1000 trades at $882. The market-determined discount rate is 4%. What is the coupon rate? Answer in percent and round to two decimal places.
3. If a bond always trades at a discount… it is trading above par. it is a zero coupon bond. it is trading at par. it is a coupon bond.