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How price of the bonds today compare to the issue price

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Question - Hope Corporation bonds bearing a coupon rate of 12%, pay semi-annually have 3 years remaining to maturity and are currently priced at $940 per bond. What is the yield to maturity?

One year ago, Blaze Inc. issued 17 years bond at par. The bonds have a coupon rate of 6% and pay interest annually. Today the market rate of interest on the bonds is 8.2. How does the price of the bonds today compare to the issue price. (What is the percentage difference and is it higher or lower).

Reference no: EM132562729

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