What is the yield to maturity ytm stated as an apr on a


1. What is the yield to maturity (YTM), stated as an APR, on a bond with the following features: a face value of $1000, a coupon rate of 3% (semiannual coupons), six years to maturity and a price of $980?

2. You get a loan today for $100,000 and you will pay the loan back as five payments of $15,000 each year in years 1 to 5 AND a single "catch-up" payment in year 3. If the loan interest rate is 5%, how big is the "catch-up" payment in year 3?

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Financial Management: What is the yield to maturity ytm stated as an apr on a
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