1. XYZ company bonds are selling in the market for $1045 (104.50).These bonds will mature in 15 years and pay $70 in interest annually.if the bonds are purchased at the market price, what is the (a)coupon rate ,(b) current yield, (c) approximate yield to maturity and (d) capital gains yield?
2. Find the yield to maturity on a semiannual coupon bond given that the bond price= $790 the coupon rate =14% the face value =$1000 and there are 25 years remaining untill maturity.