Question: 1. Consider two bonds, cach with a $1,000 foce value and each with three years to maining to malurily. 2. The first bord is a

1. Consider two bonds, cach with a $1,000 foce value and each with three years to maining to malurily. 2. The first bord is a pure-discount bond that currenity sells for $816.30. What is its yield-to-malurily? h. The second bond currently sells for $949.37 and makes annual coupon pay- ments at a rate of 7% (thai is, it pays 570 in interest each year). The first inter est payment is due One year from today. What is this bond's yield-10-Maturity

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