12. What is the semi-annual coupon bond’s nominal yield to
maturity (YTM), if the years to maturity is 15 years, and sells for
119% with coupons rate of 10%? Assume the par value of the bond is
$1,000.
13. The current price of a 10-year, $1,000 par value bond is
$1,158.91. Interest on this bond is paid every six months, and the
nominal annual yield is 14 percent. Given these facts, what is the
annual coupon rate on this bond?