3. Yield to maturity 1) Compute the yield to maturity (YTM) of a zero-coupon bond with nine years to maturity and currently selling at 45% (i.e., 45% of the par value, which has a default value of $1,000). 2) Consider a bond issued at par (i.e., bond price=par/face value). The annual coupon rate is 8%. How would the YTM of this bond be? 3) Compute the YTM of a 5-year bond with annual coupon rate of 6.5% and currently selling at 103% of the par value (i.e., 103% of the par value, which has a default value of $1,000)