2a. Ngata Corp. issued 18-year bonds 2 years ago at a coupon
rate of 10.6 percent (APR). The bonds make semiannual payments. If
these bonds currently sell for 97 percent of par value, what is the
YTM (as an APR)?
2b. Ashes Divide Corporation has bonds on the market with 14
years to maturity, a YTM of 6.4 percent (APR), and a current price
of $1,176.50. The bonds make semiannual payments. What must the
coupon rate be on these bonds...