Question: 1. Lee has a 12-year bond with a face value of $1,000 at a 9% coupon rate. Coupons are issued every 6 months. If the

1. Lee has a 12-year bond with a face value of $1,000 at a 9% coupon rate. Coupons are issued every 6 months. If the price of this bond is $1,100.23, what is the YTM?

2. MH Company issued a 9-year bond with a par value of $1,000 at a 7% coupon rate and 7.73% YTM. Coupons are paid every 6 months. What is the price of this bond?

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