Question: 3 . A ( n ) 8 % bond with 1 2 years left to maturity has a YTM of 9 . 7 % .

3. A(n)8% bond with 12 years left to maturity has a YTM of 9.7%. The bond's price should be $__________.You should assume as usual that the coupon payments occur semiannually.
4. A 10-year 5.2% coupon bond was issued 4 year(s) ago. Similarly risky bonds are yielding 5.5%.Assume semi-annual coupon payments. The bond's price should be $___________.
Hint: Original bond maturity is not relevant -- what matters is the number of coupon payment periods remaining until maturity.

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