4. Problem 4-10 (Yield to Maturity and Required Returns) Yield to Maturity and Required Returns The Brownstone Corporation's bonds have 6 yeass remaining to maturity. Interest is paid annially, the bends have a 51,000 par value, and the coupco interest rate is 9%. a. 1. What is the vield to maturity at a carrent market price of $820 ? Round your answer to two decimal places. 2. What is the vield to chaturity at a current market price of 31,236 ? Raund you answer to two decimal places: b. Would vou pay $320 for one of these bonds if you thought that the appropriate rate of interest was 13% that is, 8re=13% ? Explain vour answer: 1. You would buy the bond as long as the yield to maturity at this price does not equal yoor required rate of retum. II. You would buy the bond as long as the yitid to maturity at this price is greater than vour required rate of return. III. You would buy the bond as fono as the yeld to maturity at this grice is less than your required rate of return. IV. You would buy the bond as long as the yield to maturity at this price equals your required rate of refurn