The 7 percent annual coupon bonds of IPO, Inc. are selling for $1,081. The bonds have a face value of $1,000 and mature in eight years. What is the yield to maturity? 5.71 percent 5.81 percent 6.48 percent 6.62 percent 7.00 percent

A bond has a yield to maturity of 9.83 percent, a 7.2 percent annual coupon, a $1,000 face value, and a maturity date 20 years from today. What is the current yield? 7.69 percent 8.47 percent 9.04 percent 9.31 percent 9.83 percent