What is the bond yield to maturity

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Blossom Corp issued 10-year bonds four years ago with a coupon rate of 9.560 percent. At the time of issue, the bonds sold at par. Today bonds of similar risk and maturity must pay an annual coupon of 8.54 percent to sell at par value. Assuming semiannual coupon payments.

(a) What is the bond's yield to maturity? (Round answer to 2 decimal places, e.g. 15.25.)

Bond's yield to maturity is:

(b) What is the current market price of the firm's bonds? (Round answer to 2 decimal places, e.g. 15.25.)

Reference no: EM132224172

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