1. A? bond's market price is ?$750. It has a ?$1,000 par? value, will mature in 10 ?years, and has a coupon interest rate of 11 percent annual? interest, but makes its interest payments semiannually. What is the? bond's yield to? maturity? What happens to the? bond's yield to maturity if the bond matures in 20 ?years? What if it matures in 5 ?years?
2. The market price is ?$1,200 for a 15?-year bond ?($1,000 par? value) that pays 8 percent annual? interest, but makes interest payments on a semiannual basis ?(4 percent? semiannually). What is the? bond's yield to? maturity?(Round to two decimal? places.)