Interest payments semiannually

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A bond's market price is $1,200. It has a $1,000 par value, will mature in 14 years and has a coupon interest rate of 11% annual interest, but makes its interest payments semiannually.
1. The bond's yield to maturity if it matures in 14 years is what percent? (Round to two decimal points)
2. The bond's yield to maturity if it matures in 28 years is what percent? (Round to two decimal points)
3. The bond's yield to maturity if it matures in 7 years is what percent? (Round to two decimal points)

Reference no: EM13486526

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