1. Now, suppose today a 9.21 percent coupon bond sells at par. Two years from now, the required return on the same bond is 2.91 percent. What is the YTM on the bond two years from now? (Enter your answer as a percentage, omit the "%" sign in your response, and enter your answer with two decimal places. For example, 1.214% should be entered as 1.21.)
2. Now let's say that Bourdon Software has 5 percent coupon bonds on the market with 17 years to maturity. The bonds make semiannual payments and currently sell for 96 percent of par. What is the YTM? (Enter your answer as a percentage, omit the "%" sign in your response, and enter your answer with two decimal places. For example, 1.214% should be entered as 1.21.)