1. DMA Corp. has bonds on the market
the annual YTM is 7.60%
there is a par value of $1,000
the bonds will carry a current market price of $875
the coupon interest rate is 5.40%
What must be the term of maturity on these bonds?
2. You are interested in investing in what is called a zero-coupon bond
this particular zero has a par value of $1,000
it carries a maturity of 8
the current price of the zero bond is $655.07
what is the yield to maturity on this zero bond?