(Yield to maturity) A bond's market price is
$900. It has a $1,000 par value, will mature in 8 years, and
has a coupon interest rate of 8 percent annual interest, but makes
its interest payments semiannually.
What is the bond's yield to maturity? % (Round to two
decimal places.)
What happens to the bond's yield to maturity if the bond
matures in 16 years? % (Round to two decimal places.)
What if it matures in 4 years?...