(Answered) 1 a bond has an annual coupon rate of 4 a face value of

Finance

1. A bond has an annual coupon rate of 4%, a face value of $1,000, a price of $1,000, and matures in 10 years. What is the bond's YTM?

2. Lomack Company's bonds have a 9-year maturity, a 9% semiannual coupon, and a par value of $1,000. The market interest rate (r) is 6%, with semiannual compounding. What is the bond's price (in $)?

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